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The cost impact of structural and other changes made by the major banks as a result of the findings of the Hayne royal commission has been estimated at an average increase in operating costs of 2.4 pe.. read more

Shoppers say they are unlikely to return to online stores that are not transparent about additional costs, such as transaction fees and currency conversion fees. read more

Developments in the financial services industry, such as open banking and buy now pay later services, are not addressed in the Australian Banking Association’s proposed changes to the Banking Code of.. read more

A year after Australia’s High Value Clearing System adopted the ISO 20022 messaging standard, only around 40 per cent of the value of HVCS payments are being made using the new format. read more

Submissions to ASIC’s consultation on the proposed revision of the Australian Banking Association’s Banking Code of Practice have focused on the ABA’s plan to remove obligations that it sees as duplic.. read more

Consumer lender MoneyMe has secured an increase in the facility limit of its Autopay 2021 warehouse. read more

The world’s largest banks, including Australia’s big four, will extend the scope of their emissions reductions targets to include capital markets activities, following an update of the Net-Zero Bankin.. read more

Compliance with ASIC’s regulatory guide 271, which covers internal dispute resolution, was one of the most common systemic issues AFCA encountered in its latest Systemic Issues Insights Report. read more

EML Payments is selling its subsidiary Sentenial, three years after acquiring it and after taking a big write-down on a business it acknowledged has not lived up to expectations. read more

After staying out of the public securitisation market throughout 2023, Athena Home Loans has returned to the market with a A$1 billion transaction. read more