Australia
AI bets could reshape costs and competition for Aussie banks
AI bets could reshape costs and competition for Aussie banks
Customers are likely to positively view 24-hour support and shorter waiting times.
3 days ago
ANZ takes full control of ANZ Worldline venture for $63.7m
ANZ Worldline is a joint venture with Worldline Australia, established in 2022.
3 days ago
National Australia Bank settles overtime dispute with finance union
Certain teams in the bank were told they would not be paid overtime but get TOIL instead, according to the FSU.
3 days ago
Perth is emerging as an unlikely testbed for the future of global finance
Australia brings a sophisticated finance system, strong regulators, and high-quality education.
5 days ago
Commonwealth Bank of Australia deploys agentic AI to detect scam patterns
It also creates new rules to intercept scams, approved by the bank’s fraud analytics team.
Over 2 in 3 APAC adults say financial scams are on the rise: LSEG
Australians are most concerned about scams whilst the Chinese are likeliest to lose money.
Australia offers zero-interest loans for fuel-hit firms under A$1b program
ANZ and NAB confirmed they will offer the zero-interest loans.
NAB flags $504m in H1 impairment charges as Middle East conflict bites
It will apply a 1.5% discount to its dividend reinvestment plan to strengthen its capital position.
Citi renews custodial and fund services contract with Australia’s Hostplus
Citi and Hostplus have worked together for 13 years.
Australia’s CommBank enables e-Passports for bank account opening
Around 700,000 new customers join the bank yearly.
ASIC scam takedowns jump 90% as Australians’ losses hit $2.18b
ASIC also took down over 1,100 online scam investment advertisements.
NAB ‘stress-tests’ 200,000 businesses as fuel costs surge
Fewer than 2% of calls to the business care team focused on fuel pressures.
Westpac urges greater social media accountability as personalised fraud spikes
The bank noted a sharp rise in “Hi Mum” and business email or invoice scams.
Australia to scrap card surcharges in October
The RBA noted businesses charging the same rate on all cards.
Australia's Big Four banks face stage 3 loan risks as rates rise
Intense competition and rising costs are expected to reduce margins.
ANZ names Michael Peric and Trevor Vail as Markets co-managing directors
Peric and Vail report to Mark Whelan, group executive Institutional at ANZ.
Westpac becomes banking partner of the Royal Flying Doctor Service SA/NT
The partnership covers workplace banking benefits for RFDS’ employees.
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From insurance to lending, the winners are those doing "less but gaining more" by prioritizing risk-adjusted returns over market share.
Commentary
Perth is emerging as an unlikely testbed for the future of global finance
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