Australia
Australia to amend retail payments regulation in 2024: governor
Reforms will include better cost transparency from BNPL, mobile wallets.
Australia to amend retail payments regulation in 2024: governor
Reforms will include better cost transparency from BNPL, mobile wallets.
APRA keeps current macroprudential policy settings
Cost-of-living, the economic outlook, labour market, and borrowing cost were factors considered.
DBS provides S$180m green loan to refinance Melbourne office tower
The 17-level building in Collins Street is wholly owned by public sector pension fund KWAP.
Commonwealth Bank of Australia exploring GenAI use to test products
They are exploring the creation of GenAI chatbots that emulate human behaviors.
APRA notes declining deposit-taking branches, waits for senate inquiry to closures
Branch numbers have been declining by 37% since 2017.
ANZ pays A$15m fine for excessive credit card advance fees
ANZ reportedly breached the ASIC Act and the National Consumer Credit Protection Act.
Australia looking to tap potential of AT1 bonds
This exploration will alleviate any potential risks that may dawn the banking sector.
Australia’s Zip teams up with Primer to accelerate US expansion
Primer is expected to help drive distribution of Zip’s BNPL services in the market.
ASIC to take PayPal to court for unreasonable term in SME contracts: Report
The regulator sees it unfair for PayPal to put a penalty over its own overcharging errors.
Consolidation in the cards for Australia’s mutual lenders
Mutuals should scale back branch operations and invest in tech.
Chart of the Week: 1 in 3 online transaction in Australia use alt payments
The e-commerce market will be worth $51b in 2023, according to GlobalData.
Australia unveils new standards for banks, insurers’ operational risk management
The new standard will take effect on 1 July 2025.
Australia's Zip cuts 20% of workforce: report
The CEO did not confirm whether the company is downsizing its workforce.
Grow Finance, Pismo issue credit card for SMEs in Australia
This collaboration aims to provide business owners with improved cash flow management and capital.
13.36 million credit cards in circulation in Australia: study
Credit cards contributed about AU$18.6b in national debt due to accrued interest.
Australian banks face elevated risk of credit losses: S&P
Whilst losses are projected to remain low, a sudden price drop in the housing market spell trouble for banks.
Improved mortgages to support ANZ’s earnings over the next two years
Net interest margin improved 7bps in the six months ending 31 March 2023.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
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Most Read
1. GXS Bank launches term deposit product Boost Pocket 2. China’s big four banks face $100b shortfall in loss-absorbing capital 3. Labour force upskilling needed as SG nears 'super-aged' status 4. Cambodian banks breach covenants as bad loans surge 5. Tottenham Hotspur taps Ant International as global payment solutions, digital wallet partnerEvents
<time datetime="2024
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