Australia

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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.

Rising interest rates will put pressure on arrears, said S&P.