Open banking and rise of fintechs to disrupt big banks’ ‘rivers of gold’
Soon, applying for a mortgage could involve little more than giving your name, email and property address, and your consent to “share” your banking data.
The New Criterion: ironing out the blight of money laundering
Two of Australia’s biggest banks – Westpac and the Commonwealth Bank – are not alone when it comes to breaching anti money laundering rules.
What will success look like for the neoboanks?
New banks receiving a green light in 2019 by the prudential regulator APRA saw a number of neobanks make a splash on the local market.
Neobank Volt begins onboarding 40,000-strong waitlist, announces market-leading ‘no catches’ interest rate
Volt Bank has begun onboarding sections of its 40,000-strong waitlist and is announcing a ‘no catches’ ongoing base interest rate of 2.15% on savings.
UBank adopts Basiq’s AI-powered tools to help Millennials budget
NAB’s digital bank UBank has joined forces with fintech Basiq to predict the spending of Millennials and help them save money.
Many parents missing mark in teaching kids how to save
Research reveals that Australian parents are missing the mark when it comes to teaching their kids everything they need to know about their money.
How the banks can simply avoid money laundering slips: Temenos
Temenos provides software for core banking solutions like accounts, loans, deposits, anti-money laundering, wealth solutions and front office management.
Open banking to transform customer expectations
Seventy percent (70%) of Australian and New Zealand businesses expect open data to positively impact industries and consumers alike.
