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Showing 1201 - 1210 of 4760 results for "banking"

Open banking reforms a boon for fintech

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
With the new open banking regime now in effect, fintechs are set to reap the rewards of data sharing. As of July 1, the big banks are now required to share generic product data as part of the government's phased timeline for the introduction of open ...

Suncorp named Bank of the Year

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
... Awards. The 15th annual Money magazine Consumer Finance Awards were held in Sydney last night, recognising the best in banking and insurance. The awards aim to help Australians choose reliable financial products. In addition to Bank of the Year, Suncorp ...

Class expands executive line-up

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... and chief executive Andrew Russell noted Wilson's "proven track record across a range of industries", including retail banking, wealth management, online broking and ecommerce. Finally, experienced sales professional James Delmar has been appointed chief ...

Investec scores ADI licence

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
Investec Bank plc has received the green light from APRA to provide banking services in Australia from July 1. Investec Bank plc, which is owned by London Stock Exchange-listed Investec plc, is now operating as a foreign ADI. BNP Paribas, Societe Generale ...

Financial scams smash Australia

HARRISON WORLEY  |  TUESDAY, 2 JUL 2019
... KPMG shows financial scams are hitting Australia harder than both the US and UK. The consulting giant's inaugural Global Banking Fraud survey found Australia suffered a disproportionately high volume of financial scam attempts in 2018, with around half ...

Chief economist update: RBA justified to cut rates or not

BENJAMIN ONG  |  FRIDAY, 28 JUN 2019
... 2018. Heck, about this time last year, the 'shadow RBA' was calling on the RBA to LIFT interest rates... and soon. Banking on historical precedence (pun intended), Matthew Cranston - the Australian Financial Review 's (AFR) economic correspondent ...

TCorp chair steps down

ELIZABETH MCARTHUR  |  WEDNESDAY, 26 JUN 2019
... board once a permanent chief executive is appointed. He has been a NAB director since 2016 and has 35 years' experience in banking and finance in Australia and New Zealand. That experience includes overseeing ANZ's Australian retail and commercial business ...

Chief economist update: ECB to leave no policy tool unturned

BENJAMIN ONG  |  WEDNESDAY, 26 JUN 2019
... it's been overtaken by events - or more to the point, ECB president Mario Draghi's speech at the ECB Forum on Central Banking in Sintra, Portugal on June 18. 'Twas here that Draghi hinted a change of stance from keeping steady policy settings ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... greater than 15% in an RSE must ask APRA for approval. APRA said the proposed change brings superannuation in line with the banking and insurance sectors. Before granting approval, APRA said it must be satisfied the revised ownership structure will not ...

Westpac appoints remediation lead

JAMIE WILLIAMSON  |  MONDAY, 24 JUN 2019
... at BT Financial Group swirl. The news follows Westpac's decision to exit personal financial advice earlier this year. Banking Day is reporting the group is set to initiate a major redundancy program across BT Financial Group, which was brought in-house ...