Banks join financial inclusion program 25 November 2016 5:24PM The major banks and Bank Australia have joined forces with a group of government, education and community sector organisations to release financial inclusion action plans, setting out the steps they w.. read more
RACQ and QT Mutual merger finalised 25 November 2016 4:50PM The merger between RACQ and QT Mutual Bank was implemented yesterday, marking the beginning of RACQ's "banking journey". read more
Austrac issues guidance on new customer due diligence rule 25 November 2016 4:49PM A new customer due diligence rule has given financial institutions more flexibility, up to a point. read more
FOS ruling imposes a new duty to prevent fraud 24 November 2016 5:05PM A Financial Ombudsman Service ruling that a financial institution must reimburse a customer who paid more than A$360,000 to a scam investment company has imposed a new duty of care, according to a leg.. read more
Identity theft the fastest growing credit application fraud 24 November 2016 5:04PM Identity theft is the fastest growing type of credit application fraud in Australia, growing by 80 per cent in the year to June, compared with the previous year. read more
Pushpay acquires 'church app' rival 24 November 2016 5:00PM New Zealand payment gateway provider Pushpay, a specialist in the United States "faith sector" payments market, has launched a takeover offer for rival "church app" company Bluebridge Digital. read more
Professional standards for financial planners 24 November 2016 4:57PM New advisers entering the financial planning industry will soon be required to hold a relevant bachelor degree or equivalent, and pass an exam. read more
Investors not ready for marketplace lender ABS issuance 23 November 2016 4:50PM Until the marketplace lending industry matures, the risks outweigh the benefits of marketplace lenders securitising their assets, according to a panel of institutional investors. read more
RBA wants the securitisation market to be more transparent 23 November 2016 4:48PM The Reserve Bank wants to see improvements in the accuracy, consistency and completeness of the asset-backed securities data it receives from industry. read more
ABA issues domestic violence guidance 23 November 2016 4:47PM Banks will recognise domestic violence as a factor contributing to financial hardship and will work with customers suffering from financial abuse to help them take control of their finances, under a n.. read more