Australia
Aussie mortgage holders and renters lead in unpaid card debt: survey
Aussie mortgage holders and renters lead in unpaid card debt: survey
Mortgage payers owe A$1,342 on average, compared to homeowners owing A$787.
Airwallex surpasses $1b in annual recurring revenue
The Americas and EMEA make up 35% of its revenue.
Australians pull back on spending to afford a home loan: survey
Despite this, 1 in 3 Australians believe that they will never afford their own home.
CBA reaffirms commitment to goodwill payments for affected customers
The bank has made approximately A$25m in goodwill payments to 87,000 accounts.
CBA’s digital home loan channel its fastest growing
First-time home buyers have become more comfortable with digital loans, CBA said.
ANZ warns H2 profit will be hit with $727.19m charges from significant items
This includes the A$240m ASIC settlement and A$285b related to PT Panin.
National Australia Bank pledges $39.3b to address housing crisis
Australia is not building enough homes to make housing accessible, the CEO said.
Digital assets considered financial products and subject to law: Aussie regulator
Providers of such products are required to have a financial services licence.
NAB’s Ubank expands Passkeys feature to online banking
The digital bank now enables fingerprint or facial recognition logins online.
Westpac unit RAMS fined A$20m for compliance failures
RAMS failed to supervise its reps to ensure compliance with credit law, amongst others.
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.
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