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Payments are at the epicentre of financial innovation, with an estimated 35 per cent of financial technology firms active in the payments arena, a report by McKinsey & Co has found. read more

It was standing room only in the overflow theatre and jam packed in the designated bubble for the key forum for the "Innotribe" (or innovation, stream) on the first day of SWIFT's Sibos convention in.. read more

Concepts built on blockchain methodology are growing into firm product ideas and getting set to go in the banking sector in Australia. Westpac, for one, is well advanced in preparing ideas for market.. read more

Friction may be building between staff and management at Commonwealth Bank over the terms of their next pay deal, with the bank putting an end to negotiations with the Finance Sector Union. read more

Select Credit Union and Encompass Credit Union are likely to join the trend of ADIs converting to mutual bank status once the pair merge in the second half of 2016. read more

A sacked Commonwealth Bank manager will be able to continue with a claim for unfair dismissal centred on the relevance of her pregnancy to the decision. read more

Australia may be getting another government backed financier - if the Labor Party returns to power at the next general election. read more

Assertions of a "surplus" capital position are a perennial for Macquarie Group, and were dished out once more yesterday in the course of rationalising its purchase of a hefty Esanda portfolio from ANZ.. read more

ANZ yesterday finalised terms to sell its Esanda dealer finance portfolio to Macquarie Group. read more

ANZ expects to "fund and facilitate investment of A$10 billion" over the next five years "to support our customers to transition to a low carbon economy." read more