Australia
Airwallex clinches retail investment license in Australia
It will now be able to offer its Airwallex Yield product to the wider retail market.
Airwallex clinches retail investment license in Australia
It will now be able to offer its Airwallex Yield product to the wider retail market.
NAB customer alerts lead to 17% decline in scam losses
Customers are said to have abandoned $100m in possible scam payments.
Fintech Airwallex records 84% revenue growth
Its Australia and New Zealand business saw revenue grow by 93%.
Citi Australia names David Bailey as head of debt capital markets
Bailey returns to Australia from New York.
National Australia Bank arm invests on digital asset custodian Zodia
Zodia aims to onboard Austrlia's home grown digital asset exchanges in its platform.
Bank of Queensland’s tech bet leaves operating performance to chance
The bank may achieve savings— or leave its operating performance structurally weaker.
New Zealand sets new debt-to-income restrictions in lending
It reduces the amount of high-DTI loans that local banks can lend out.
Australian banks’ dividends to stay flat amidst cash earning pressures
The higher payouts in H1 were to establish shareholders’ confidence, S&P said.
Share buyback, Suncorp Metway deal won’t dent ANZ’s credit profile
S&P expects the SML acquisition to be completed in mid-2024.
National Australia Bank, Banked eyes boosting A2A payment adoption
Their tech enables Australian merchants to send PayTo Agreements to customers.
Australia’s Macquarie well-capitalised despite lower profits
Net profit fell by 32% for the fiscal year ended 31 March.
No adverse effects on NAB’s capital after billion-dollar share buyback
Its core capital ratio remains at 11.75%, well-above the target range.
Trading platform Banxso secures Australian license
It will offer real-time data, analytics tools, and educational resources.
Australia’s Defence Bank lending strategy buoys strong asset quality
The bank’s problem loans will remain below 0.5%, says Moody’s.
POS terminals, e-commerce drive up card usage in Australia
Value added benefits like rewards points and discounts have made cards attractive.
Chart of the Week: Australia’s card payments to rise 8% in 2024
Debit cards rise with Australians reluctant to take on credit card-related debt.
Australia’s central bank names first-ever COO
Susan Woods has served as Assistant Governor (Corporate Services) at RBA since 2018.
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