Australia
Westpac mobile app rated best in Australia by Forrester
Westpac mobile app rated best in Australia by Forrester
Actionable recommendations and prompts to avoid fees helped propel it to the top spot.
4 days ago
Westpac launches SafeBlock in online banking platform and app
Scam losses have reportedly fallen 19% in 2025 so far.
Australian regulator’s private credit scrutiny supports market stability: analyst
Better transparency, reporting, and oversight will strengthen the market.
Regulator urges stronger standards in Australia's private credit sector
A review found opaque remuneration and fee structures, amongst other concerns.
CBA says RBA interchange reforms risk hurting Aussie firms
The Australian bank agreed that debit and credit surcharging should be eliminated.
CBA’s x15ventures teams up with fintech fund Triple Bubble
They will develop a mentorship and talent exchange program.
NAB boards mourns passing of former director David Armstrong
Armstrong was with NAB from 2014-2023.
ANZ sets up resolution program, to submit remediation plan
ANZ could spend approximately A$150m on implementing the remediation plan.
Chart of the Week: Debit card fuel growth of Australia’s card payments market
Australians are choosing to spend within their means instead of accruing debt.
RBA sets out plan to make payments system ‘anti-fragile’
It has also warned that delays in encryption and contingency plans risk fraud and disruption.
ASIC eases disclosure rules on deposit rates for banks
The relief is extended until 1 October 2030.
ANZ fined $240m for incorrect trading reporting and misconduct
This is the largest ever announced by ASIC against one entity.
ANZ’s CRO Kevin Corbally to step down
He will serve as the Managing Director of Capital Management of the bank’s Institutional Division.
Australia extends relief on appointing deposit and insurance distributors
The exemption has been extended until 27 August 2030.
Stripe Capital to launch in Australia
Over 1 million users in the ANZ region now run on Stripe, the company said.
ANZ’s Markets MD Anshul Sidher departs from the bank
Michael Peric and Trevor Vail have been tasked to temporarily lead the markets business.
ANZ to lay off 3,500 staff, reduce services contractors engagement
It expects a restructuring charge of $560m before tax in H2 2025.
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Asian Banking & Finance Retail Banking Awards 2025 Winner: Kwong Wah Eric Fan of Shanghai Commercial Bank
Kwong Wah Eric Fan of Shanghai Commercial Bank highlights how the company drives fintech growth through digital transformation.
Commentary
Electronic trading proves its strength in times of volatility