Australia
Digital assets considered financial products and subject to law: Aussie regulator
Digital assets considered financial products and subject to law: Aussie regulator
Providers of such products are required to have a financial services licence.
1 day ago
NAB’s Ubank expands Passkeys feature to online banking
The digital bank now enables fingerprint or facial recognition logins online.
2 days ago
Westpac unit RAMS fined A$20m for compliance failures
RAMS failed to supervise its reps to ensure compliance with credit law, amongst others.
4 days ago
Australia rate cuts ease pressure on mortgage arrears: Fitch
One more rate cut in 2025 may lower arrears further, the ratings agency said.
ANZ unveils five-year plan, will simplify retail and commercial divisions
The Australian lender also plans to accelerate the integration of Suncorp Bank.
CBA named best in APAC for AI maturity
The bank was first on talent development and responsible AI leadership, the index said.
ASB Bank agrees to pay $78.89m to settle lawsuit
The bank maintains that “it makes no admission of liability.”
NAB has given out $2b in new green business loans
Demand has surged from businesses related to energy, EVs, property, and agriculture.
Westpac mobile app rated best in Australia by Forrester
Actionable recommendations and prompts to avoid fees helped propel it to the top spot.
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.
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