Australia
Aussie banks welcome confirmation of payee system
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.
NAB record 16% new homebuyers after home lending rate cut
They expect to see more home buyers re-enter the market.
ASIC cancels licence of Financial Services Group Australia
It also permanently banned its responsible manager, Graham Holmes.
Commonwealth Bank of Australia completes stake sale in Bank of Hangzhou
CBA received approximately $940m, and CET1 ratio was raised by 17 basis points.
Australian banks may cut mortgage broker reliance to boost profitability
Driving customers to in-house channels could boost profitability.
Citi ANZ names John McLean as head of ECM and GAM
McLean will relocate from Singapore to Sydney, Australia.
ANZ names Stephen White as group executive operations
He joins ANZ in November 2025.
Australia’s digital wallet market to surpass $130b in 2025
Increasing use of QR and NFCC payments are supporting this growth.
Less than half of Aussie firms adopting real-time payments: survey
About 2 in 3 believe that finance tech providers will shoulder the responsibility of assistance.
ANZ to roll out energy ratings option for energy performance evaluation
It will help homeowners identify opportunities for upgrades that will reduce bills.
Australia orders Kalkine to hire consultant for advisory issues
ASIC is concerned that reps may have misrepresented the advice they are giving.
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