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Showing 831 - 840 of 4760 results for "banking"

Xinja ceases banking

ELIZA BAVIN  |  WEDNESDAY, 16 DEC 2020
... orderly and timely manner. Xinja applied for its ADI licence back in 2017 and by September 2019 it was granted a full banking licence and was able to open bank accounts for customers. The company had raised more than $5 million through equity raising ...

Key AMP executive resigns

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... Services and MLC group insurance. When AMP announced the restructure of its business units in October 2019, combining the banking and wealth management functions, managing director of wealth products and platforms Rod Finch moved to become AMP Bank's ...

Personal finance app retires Australian business

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... unchallenged," said Sharrott. "Combined with the financial blow of COVID-19, the much-delayed availability of a workable open banking framework has made the Australian market commercially non-viable for us at present." He added that the firm will maintain ...

ISA ramps up campaign against super reforms

ELIZA BAVIN  |  MONDAY, 14 DEC 2020
... finally ridded the system of underperforming funds and ensured the disgraceful misconduct by super trustees revealed at the Banking Royal Commission could not happen again," ISA said. ISA said it has made a submission in response to the proposed reform ...

Investec to close Aussie business

KANIKA SOOD  |  WEDNESDAY, 9 DEC 2020
The South African wealth manager and banking group is exiting the Australian market after 20 years. The company said the move is not a reflection of performance of the Australian business or employees, but a "strategic exit" to focus on its core markets ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
Commonwealth Bank of Australia (CBA) has made progress on exiting life insurance after the China Banking and Insurance Regulatory Commission approved the sale of its stake in BoCommLife. The bank will divest its 37.5% stake in BoCommLife to MS&AD Insurance ...

Amazon Web Services expands Australian operations

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
... safe and resilient infrastructure allows the bank to provide the best services to its customers. "As more traditional banking services continue to become available online, our annual investments in technology and innovation will continue to meet this ...

CBA opens Amsterdam office, eyes European instos

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
... will employ around 50 people in Amsterdam but keep the London office open, Reuters reported. CBA executive institutional banking and markets Andrew Hinchliff said: "CBA Europe N.V. will also act as a gateway to Australia and New Zealand for the Bank's ...

MLC names head of retail distribution

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
... join MLC," she said. Keenan started with MLC this week. Prior to joining Robeco in 2018, Keenan was the head of private banking distribution at Blackrock. Earlier in his career, Keenan was a business development manager at Colonial First State and national ...

NAB wins custody mandate

KANIKA SOOD  |  MONDAY, 7 DEC 2020
NAB Asset Servicing has been appointed the custodian for a banking group. Suncorp Group's insurance, wealth and funds management businesses will use NAB Asset Servicing as custodian in Australia and New Zealand. The contract includes nine Suncorp entities ...