ING Direct gets into crowdfunding 19 September 2014 4:15PM ING Direct has entered the social ventures market, joining forces with crowdfunding business StartSomeGood to fund social entrepreneurs. read more
Bitcoin debit card doesn't match the hype 19 September 2014 4:14PM Local bitcoin exchange operator CoinJar has launched a payment card pilot that promises to "make bitcoin accessible for everyone" and "allow bitcoin holders to spend their digital currency anywhere th.. read more
SGE to rebrand as G&C Mutual Bank 18 September 2014 4:05PM SGE Credit Union will convert to mutual bank status in December, with a proposed change of name to G&C Mutual Bank. SGE's move will take the number of mutual banks to 12. read more
SMEs unaware of funding alternatives 18 September 2014 4:03PM Small and medium businesses see good prospects for their businesses in coming months and a majority are planning to invest for growth. However, a new survey has found that one of the biggest barriers.. read more
NAB puts travel card on internet banking platform 18 September 2014 4:01PM National Australia Bank has upgraded its travel card, linking it to the bank's internet banking platform so that customers will be able manage the account during an internet banking session or using a.. read more
Bail-ins to be deployed beyond G-SIBs, says Byres 17 September 2014 4:46PM The banking industry can expect to see bail-in rules applied more widely than to globally systemically important banks, the country's chief financial regulator has warned. read more
New Payments Platform could be make account switching easier, says FSI 17 September 2014 3:53PM The Financial System Inquiry has called for more to be done to make it easier for people to switch bank accounts, citing very low take-up of current switching arrangements as evidence that consumers s.. read more
YBR aiming for 300 branches 17 September 2014 3:49PM Yellow Brick Road will add close to another 100 branches as it builds its distribution network to full strength. The financial products distribution company has set a target of 300 branches - up from.. read more
Macquarie upgrades guidance 16 September 2014 4:11PM Macquarie Group has upgraded its earnings guidance thanks to an increased contribution from Macquarie Funds. The group expects its results for the 12 months to March 2015 to be "slightly up" on the A$.. read more
Austrac calls on banks to be alert to terrorism financing risks 16 September 2014 4:11PM Australia has a "relatively low" incidence of terrorism financing, with only a limited amount of funds suspected of being raised here to date. However, banks are being warned that terrorism fina.. read more