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The outage that specialist payments bank Tyro suffered last month has already cost the company around A$3 million and will cost it a further $19 million dealing with merchant claims and replacing obso.. read more

Buy now pay later providers humm and Sezzle have announced partnerships with big payment platforms, as they and other BNPL companies look for ways to offer easier access to their services. read more

Australian Banking Association chief Anna Bligh has given a commitment that her organisation’s members will continue to provide support to customers affected by the pandemic when the current loan defe.. read more

ANZ’s CEO Shayne Elliott says the bank's increased profit stems from "maintaining a simpler and well-balanced portfolio of businesses". read more

Westpac booked an impairment benefit of $501 million in the December quarter, which helped it produce a net profit of $1.9 billion for the quarter – well ahead the quarterly average in the September h.. read more

After reporting a loss of A$5.8 million in the year to June, EML Payments has gone further into deficit with a loss of $23.8 million for the six months to December 2020. read more

Genworth chief executive Pauline Blight-Johnston warned of “sustained pressure on claims” this year as government and bank COVID support measures are withdrawn. read more

The Banking Executive Accountability Regime has introduced greater clarity for executives about their individual accountability, leading to better decision making and problem solving. read more

UK comparison site Merchant Machine analysed banknotes around the world to assess them for gender equity. read more

AMP Bank held back growth in its mortgage book last year, as it focused on “book quality and return on capital”, but this approach did not bear fruit. read more