Australia
Australia cancels credit licenses of seven entities
Australia cancels credit licenses of seven entities
They failed to be a member of AFCA, or failed to lodge compliance certificates, amongst other reasons.
CBA deploys AI bot army to disrupt and study scam attacks
Thousands of voice and message bots intercept scammers before they reach real customers.
Westpac eases home loan rules for self-employed Australians
It now requires only one year of income records, rather than the previous two.
Australia floats removing surcharge on card payments, lowering interchange fee cap
Lowering the cap could save businesses $1.2b in fees per year.
Australia court upholds five claims against Mayfair 101 head
Mayfair 101 made multiple false and misleading representations in marketing some of its products.
Banks to participate in Australia’s tokenised asset settlement research
There will be 24 use cases explored in the project.
ANZ customers to spend $280m in Europe travel this summer
Hotel and airline bookings surged 11% in Jan-May 2025.
Only 1 in 10 CBA home loan customers reduced repayments after rate cut
Those in New South Wales were most likely to opt for the reduced repayments.
Australia’s big four banks' fossil fuel exposure remain in billions
They are exposed to methane emissions, which they do not measure separately.
AusPayNet launches public consultation on account-to-account payments
They aim to identify current and future payment needs and expectations of users.
Aussie banks welcome confirmation of payee system
It will check if the account names and numbers entered by the payer.
Bank Australia’s Qudos merger solidifies its competitive position
Its Qudos and Australian Unity Bank mergers are not expected to disrupt core activities.
CommBank deploys AI-powered bots to fight scams
The bots engage scammers, gather intelligence, and disrupt scam operations, it said.
ANZ’s group executive for technology and group services is retiring
Gerard Florian will pursue a “non-executive career”, the statement said.
NAB nabs Llyods UK banker as new group chief for digital, data, AI
Pete Steel previously spent 16 years at the Commonwealth Bank of Australia.
ANZ’s group executive for Australia retail is retiring
Maile Carnegie will retire from the role on 1 July 2025.
ASIC issues warning to influencers promoting high-risk financial products
The influencers are providing unauthorised financial product advice, ASIC said.
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