Australia

CBA, Westpac, and ANZ allegedly misled customers by selling or issuing policies of no value.

Investors can vote and receive confirmation in real-time.

Regional lenders are most vulnerable, especially to a data breach.

The add-on was initially set at $650m.

Auswide Bank received a negative net satisfaction score for their range of digital products.

The digital bank is still aiming to get a full license by the end of the year.

The bank first announced its closure in June.

The removal of the add-on takes effect this 1 September.

Its net interest margin is expected to be 3% over the next two years.

He previously worked for ANZ for 13 years.

It is beset with the same issues as of its peers: inflation and interest rates.

If it continues this trend, fintech investments will be down 39% in 2022.   Financial technology (companies in Australia raised $0.8b of capital during the first six months of the year, according to data gathered by Fintech Global. 

The bank struggled to raise enough funds to sustain its business.

Approximately 75% of keywords were related to activating a new credit card.

ANZ will continue to operate it as Suncorp Bank for five years.

This follows after CPL’s consumer banking business was acquired by NAB.