ACI is co-opting fintechs in their tens of thousands. “Fintechs tend to be our customers” Warsop said. “They often will serve the smalert fintechs. We tend to focus on the larger ones. We go for the ...

Or will Macquarie’s material advance in the Australian banking industry over recent years prove a period of disruption that will be squandered, and will its market share peak? For now “growth in the ...

With cost-cutting front of mind, Teachers Mutual Bank will withdraw its Hiver brand from the market, and even look at closing ...

Tellingly, arrears hot spots have cropped up in inner cities and not just growth areas on the fringe. Moody’s ranked ‘Melbourne – Inner’ as recording arrears rates of 5.5 per cent. Will a surcharge ...

On element of traditional banking which still has a strong emotional resonance with customers – including SMEs – is access to physical cash, research by Publicis Sapient has found. Half of SMEs (49%) ...

Additional metrics cited by Wisr: 90+ day arrears were reduced to 1.40 per cent (compared to 1.58 per cent in Q4 FY24), while net losses were down to 2.06 per cent (previous quarter: 2.75 per cent).

The AFCA annual review for FY2024 shows a significant increase in complaints related to banking and finance (up 12% overall), with notable rises in online accounts (up 36%), personal transaction ...