Westpac axes more branches 04 July 2022 6:01AM Westpac will close another 24 branches shortly, taking the number of branch closures recently to more than 100. read more
No time to Monoova, post Volt 01 July 2022 6:00AM Volt Bank clients - fintechs and others – are this morning scrambling to identify and engage with alternative suppliers of a banking-as-a-service offering, and minimise damage to their own businesses. read more
Resimac buyer of Volt mortgage book 30 June 2022 6:06AM Non-bank mortgage funder Resimac appears to be the buyer of the mortgage book of Volt Bank, which is exiting the industry. read more
Neobank nonsense fades away 30 June 2022 6:03AM The board and management of Volt Bank, in their bombshell decision yesterday to hand back their banking license, have underscored the fragility in so many fintech business models in Australia. read more
Cautious Athena tops loan size 29 June 2022 6:12AM Athena Mortgage may be a relatively new name in non-bank mortgage origination, but it looks to be a highly disciplined operator. read more
New Zealand looks to faster payments 27 June 2022 6:08AM Interchange is to the fore as New Zealand progresses to a faster payments culture. read more
Suncorp Bank sale mooted 27 June 2022 6:07AM A demerger of the banking business from Suncorp group, or an outright sale of Suncorp Bank, is back on the horizon. read more
RBA elevates Bradley Jones to payments oversight 23 June 2022 6:12AM Bradley Jones has been appointed assistant governor, financial system group at the Reserve Bank of Australia. read more
Inflationary Albanese 20 June 2022 6:16AM Comment: The numbers are going to be big. Bigger than now. A trillion plus debt racing for $10 trillion. read more
Banks lose control of costs 15 June 2022 5:49AM Personnel costs at the major banks increased by a whopping 17 per cent over the year to December 2021. read more