RBA scathing at slack BECS decommissioning prep 13 December 2024 12:09AM Latest news Ian Rogers Alarm bells are going off at the Payments System Board: the time for yabbering about decommissioning BECS is over, and the time to figure everything out, and study all the costs and comprehend all th.. read more
NPP stepping up to bulk payment processing 13 December 2024 12:06AM Latest news Bernard Kellerman The move towards phasing out BECS in favour of the New Payments Platform is gaining traction. The next steps in this process and how the industry will get there was the working thesis of a panel disc.. read more
The brawl over 1derful 27 November 2024 3:05AM Latest news Ian Rogers 1derful not only lives to try and fight another day, it is a literal Lazarus. read more
ASIC looks into Fletch and Axiom 27 November 2024 3:02AM Latest news Ian Rogers Justice Ashley Black’s scathing judgement in the 1derful case lets the defendants, Fletch Capital, Craig Seymour and Michael Birch off the hook in one way. read more
APRA plans ‘comprehensive review’ of governance 26 November 2024 6:03AM Latest news Ian Rogers APRA will soon begin a comprehensive review of its governance prudential framework. read more
APRA stresses over supers bank liabilities 21 November 2024 6:24AM Latest news Ian Rogers Super funds own more than a a third of short-term bank debt in Australia. read more
Cash mandate an election ploy 19 November 2024 6:39AM Latest news Ian Rogers The federal government says it will mandate cash acceptance by a range of businesses. read more
Living with and loving inflation 15 November 2024 2:43PM Latest news Ian Rogers Learn to live with it. Get along with it. read more
Prudential standards will include climate risk next year 14 November 2024 6:54AM Latest news Ian Rogers Prudential standards CPS 220 and SPS 220, both relating to risk management, will be updated to explicitly include climate risk in 2025, APRA said yesterday. read more
ACCC warns industry 01 November 2024 7:02AM Latest news Ian Rogers Businesses across the banking and financial sector “should be mindful that the ACCC will not hesitate to take action where necessary to protect competition including through court action” the ACCC chi.. read more
RBA a high cost operator 28 October 2024 6:34AM Latest news Ian Rogers Australia’s central bank may be reforming many of its ways, but cost discipline isn’t one of them. read more
Third parties behind most payments strife 18 October 2024 6:12AM Latest news Ian Rogers The leading cause of payments outages are issues with third parties, analysis by the Reserve Bank of Australia has found. read more
The Authentic challenge in cash-in-transit 16 October 2024 6:04AM Latest news Ian Rogers Often described as a monopoly industry, cash-in-transit is a sector with a vibrant and disruptive alternative supplier. read more
Interchange, surcharging in strife as RBA payments review revs up 16 October 2024 5:58AM Latest news Ian Rogers The federal government expects banks and payments providers to voluntarily end surcharging on debit payments by the end of 2025. read more
International Bank of Australia walks away 02 October 2024 6:45AM Latest news Ian Rogers No surprises. Another neobank bites the dust, this time, International Bank of Australia. read more
ASIC sees 'hollow' compliance 18 September 2024 6:06AM Latest news Ian Rogers Without trust as a foundation, the tower of business comes toppling down. read more
Low income borrowers 'really struggling': Bullock 06 September 2024 6:26AM Latest news Ian Rogers For owner-occupiers with variable-rate loans, the Reserve Bank estimates that around 5 per cent “are in a particularly challenging situation.” read more
LET'S SET THINGS STRAIGHT 09 August 2024 4:39PM Latest news Banking Day staff OUR CHEAPEST SUBSCRIPTION OFFER IN 20 YEARS read more
Banks losing FX market share 31 July 2024 6:36AM Latest news Ian Rogers Fintechs are making headway in the foreign exchange market, largely at the expense of banks, ACCC research has found. read more
States take up the cudgels on eConveyancing 12 July 2024 6:28AM Latest news Ian Rogers Two state governments are stepping forward to make eConveyancing interoperability a commercial reality. read more