TheGuardian

JUNE 6, 2023

In a speech to be delivered to the Australian Banking Association in Sydney on Wednesday, Chalmers will say there has been a 90% decline in the use of cheques over the past 10 years alone but it remains a legacy payment method, while other economies have transitioned to digital payments.

Payments 74

Payments System Security Technology 74

TheGuardian

MARCH 13, 2023

The rapid shift in sentiment is good news for indebted homeowners grappling with rising mortgage repayments, although high inflation continues to pressure households. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading.

Marketing 60

Marketing 60

TheGuardian

FEBRUARY 12, 2023

The call comes as Australia’s big four banks pushed back on mandatory reimbursements, arguing they could “inadvertently lead to increases in scam activity” and that customers should keep themselves safe. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading.

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79

TheGuardian

AUGUST 23, 2022

Reserve Bank Australia says households may struggle to repay debts as asset prices will probably become more volatile Follow our Australia news live blog for the latest updates Get our free news app , morning email briefing or daily news podcast The Reserve Bank has warned banks, insurers and other businesses to act now to manage the financial threats (..)

Management 72

Management Marketing 72

PYMNTS

AUGUST 27, 2020

Commonwealth Bank of Australia (CBA) has introduced a new digital service that expedites the distribution of pandemic-related loans, allowing small- to medium-sized businesses (SMBs) to access money "within minutes," according to a report from News.com.au. The report stated the loan amounts were completed within 20 minutes.

Online 174

Online Lending Report Fintech 174

TheGuardian

OCTOBER 30, 2023

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading.

Conference 68

Conference Industry 68

TheGuardian

NOVEMBER 30, 2022

A new report by the Australian Prudential Regulation Authority (Apra) found climate change could make banks more vulnerable to economic downturns as they face up to a threefold increase in lending losses by 2050, but that the system should be able to absorb the impact.

Lending 78

Lending Regulation Regional Industry 78

TheGuardian

MAY 31, 2023

The World Bank, the Asian Development Bank and the Asian Infrastructure Investment Bank have collectively pumped $32.85bn into fossil fuel projects – almost entirely linked to oil and gas production or power generation – over the same period, the report says.

Report 65

Report 65

TheGuardian

FEBRUARY 1, 2023

The relentless selling has also triggered questions about how Adani, which runs Australia’s contentious Carmichael coalmine and rail project in Queensland, will meet its loan obligations as banks weigh up their exposure.

Groups 85

Groups Fraud Meeting US 85

TheGuardian

AUGUST 7, 2023

Mortgage rate analysis shows lenders are lifting rates for new borrowers at a faster pace than official cash rate increases. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading. Fixed rates are also leaping higher.

Analysis 60

Analysis 60

PYMNTS

JUNE 24, 2020

The Australian Securities & Investment Commission (ASIC) has reported an increase in the volume of investment scam reports by investors and consumers in Australia amid the pandemic, according to a press release. Scammers will many times ask for payment to an individual or firm into many or continuously changing bank accounts.

Bitcoin 169

Bitcoin Policies Report Tools 169

PYMNTS

FEBRUARY 1, 2021

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. Canada, Australia and Europe, reports said. last year , according to new data from the ITRC.

Data 341

Data Fraud Missouri Report 341

TheGuardian

DECEMBER 15, 2021

But in a speech to the Australasian Finance and Banking Conference online on Thursday, Jonathan Kearns, the RBA’s head of financial stability, said the climate risk to banks could be “managed” because they were less exposed than other sectors in a transition to a low emissions economy.

System 74

System Conference Management Online 74

PYMNTS

NOVEMBER 2, 2020

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release.

Bitcoin 160

Bitcoin Policies Groups cryptocurrency 160

TheGuardian

APRIL 5, 2023

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading. The RBA found that while most households and businesses were managing in the inflation-hit economy, the resilience was not uniform.

Analysis 51

Analysis Management Report 51

TheGuardian

APRIL 21, 2023

The Australian Competition and Consumer Commission (ACCC) has opened its inquiry into retail deposits for submissions, and will assess the criteria banks use when making rate decisions. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading.

Regulation 57

Regulation Retail 57

PYMNTS

JUNE 3, 2020

The role of application programming interfaces (APIs) in banking and B2B payments has grown progressively larger over recent years, especially overseas. The United Kingdom has more than 200 providers developing APIs , for example, and these developers made 200 million requests for bank data via APIs just in January.

Payments 188

Payments Fraud Security Data 188

PYMNTS

JULY 1, 2019

In response to plans by regulators to require banks to conduct more detailed credit checks in lieu of depending upon indices, banks in Australia are pushing back. Banks in Australia depend heavily on an index that estimates an average Australian’s minimum living expenses based on levels of income.

Lending 100

Lending Regulation National Report 100

PYMNTS

MARCH 21, 2019

KPMG, an advisory and audit company, has released numbers that say Australia has a 32 percent share of the APAC alternative finance market, according to reports. This news comes in advance of the fourth edition of the AltFi Australasia Summit, which will take place in Sydney at the Doltone House on April 15. .

Lending 128

Lending Apple Google Fintech 128

TheGuardian

MAY 18, 2022

Bank says it will pause rollout of app-based trading of assets like bitcoin and Ethereum pending further regulation Get our free news app ; get our morning email briefing Australia’s largest bank has paused the launch of cryptocurrency trading through its app amid turmoil and uncertainty in the market.

cryptocurrency 73

cryptocurrency Marketing Bitcoin Regulation 73

TheGuardian

MARCH 27, 2023

The question is whether that will grow into a threat to bank stability and the broader economy Follow our Australia news live blog for the latest updates Get our morning and afternoon news emails , free app or daily news podcast Australian banks are susceptible to a shock – but not necessarily for the reasons you think.

US 46

US 46

TheGuardian

SEPTEMBER 27, 2022

Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading.

Regulation 84

Regulation Security Company 84

TheGuardian

AUGUST 3, 2022

Increase puts the banks’ variable interest rates at highest in three years with Westpac and NAB yet to respond to official cash rate hike Follow our Australia news live blog for the latest updates Get our free news app , morning email briefing and daily news podcast The Commonwealth Bank and ANZ have matched this week’s move by the central bank and (..)

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51

TheGuardian

NOVEMBER 29, 2021

The bank has admitted the allegations in the lawsuits, filed in the federal court by the Australian Securities and Investments Commission, and in addition to the penalty will pay customers $80m in remediation. Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading.

Compliance 85

Compliance Regulation Security 85

PYMNTS

JULY 27, 2020

In today’s top news, economists say the U.S. economy could take two years to recover, and Google faces a lawsuit in Australia over its use of personal data. with reports of more than 2,600 new cases every hour, the highest rate in the world. Google Faces Lawsuit In Australia Over Use Of Personal Data.

Google 148

Google Maine Payments Innovation 148

TheGuardian

OCTOBER 5, 2021

Against the backdrop of national house prices rising at their fastest pace in more than 30 years and strong demand for mortgages, the banking regulator has told the nation’s lenders to increase the minimum interest rate buffer when assessing the serviceability of home loan applications.

Regulation 96

Regulation National 96

PYMNTS

AUGUST 3, 2020

London-based Metro Bank has struck a deal to buy peer-to-peer lender RateSetter for £2.5 Metro will make additional payments to shareholders if RateSetter reaches certain benchmarks, according to a news release. Metro Bank will operate RateSetter as an independent entity and make loans under both its and Metro Bank brands.

Metro 230

Metro Lending Meeting Capital 230

PYMNTS

SEPTEMBER 26, 2017

Australia has introduced tougher rules on banks that will go into effect as early as next month, including capping executives’ salaries, delaying their bonuses and driving them out of the industry if they are guilty of wrongdoing.

Regulation 100

Regulation ATM Fraud National 100

PYMNTS

JUNE 3, 2020

The Reserve Bank of Australia (RBA), the country’s central bank, is considering reducing the cost of electronic payments for merchants and consumers as COVID-19 makes e-banking preferable, Assistant Governor Michele Bullock said on Wednesday.

Regulation 131

Regulation ATM Payments Cards 131

PYMNTS

FEBRUARY 16, 2020

Small and medium-sized businesses (SMBs) in Australia are being reminded by the country’s tax office that owing money to the agency is not OK, Broker News reported Friday (Feb. 13) that SMBs will soon face new risks for holding off on tax payments and using the Australia Tax Office (ATO) “as a bank.”.

Taxes 134

Taxes National Report Capital 134

PYMNTS

OCTOBER 1, 2018

Business lending in Australia probably won’t face tougher loan regulation when it comes to small business loans. The banking and financial services Australia royal commission released its interim report late last week, covering consumer lending, financial planning, business lending, farm finance and Indigenous finance.

Lending 135

Lending Regulation National Report 135

PYMNTS

FEBRUARY 6, 2020

In today’s top payments news, Stripe and Lightspeed team up to advance in-store and online payments for retailers and restaurants, the Federal Reserve weighs the costs and benefits of a digital currency and the Reserve Bank of Australia considers stopping banks from automatically routing “tap and go” payments through Visa and Mastercard.

Payments 130

Payments Cards Retail cryptocurrency 130

BankInovation

DECEMBER 21, 2022

Demand for core provider Temenos’ services remains strong amid a focus on digital transformation among banks. billion Bank of Queensland, based in Queensland, Australia, in Q3 selected Temenos’ cloud-based platform for its retail banking business, a spokesperson for Temenos told Bank Automation News.

Fintech 52

Fintech Retail 52

TheGuardian

SEPTEMBER 28, 2021

Amount sought from ANZ and the Commonwealth Bank-owned ASB could be in excess of $100m • Get our free news app ; get our morning email briefing A New Zealand law firm has filed a multimillion-dollar class action against two Australian-owned Kiwi banks on behalf of 150,000 home and personal loan customers.

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67

PYMNTS

DECEMBER 13, 2017

The central bank of Australia is in the midst of considering whether to create bank notes using blockchain, according to news from The Financial Times. The bank notes would, in turn, be distributed by financial institutions.

Bitcoin 109

Bitcoin blockchain Conference cryptocurrency 109

PYMNTS

AUGUST 16, 2018

Welcome to The Axis, your late look at payments news from around the world. In addition, Australia Post is deploying a multilane payment solution from Verifone , and MySQUAR has rolled out a soft-launch of a remittance service. Verifone is committed to providing Australia Post with innovative products and services.

Mobile 151

Mobile Payments Branding Innovation 151

Bussman Advisory

OCTOBER 19, 2023

trillion OpenAI is in talks to sell shares at $86 billion valuation Reserve Bank Australia: tokenization could save US$11 billion annually in Australia Plus, 9 more exclusive stories to help you stay ahead of the curve! More information on www.bussmannadvisory.com. The post Cyber Attack on Payments: $3.5T

Payments 52

Payments Fintech Community Course 52