Banks to take new forex code 'very seriously'
The new FX Global Code, to be publicly released on May 25, attempts to restore trust in the $US5 trillion daily market after a string of scandals.
James Eyers, Senior Reporter
James Eyers writes on Banking & Finance specialising in Financial Services, Investment Banking, Opinion. Based in our Sydney newsroom, James is a former Legal Affairs and Capital editor for the Financial Review.
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The ASX-listed microcap also wants to work with banks to simply the payments experience for customers.
CBA puts government bonds on a blockchain
CBA's head of blockchain says the RBA could help facilitate innovation by issuing a digital version of the Australian dollar.
Morrison to tell global finance leaders Australia backs fintech
Scott Morrison will push the benefits of fintech at a meeting in Germany with central bank governors and finance ministers on Wednesday.
New platform may create burst of fintech innovation
The man overseeing the rollout of the new payments system says every business that makes or receives payments could become a fintech innovat...
Westpac boosts stake in cybersecurity firm QLabs
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Pennybox's new play on Dollarmites
CBA's Dollarmites Club's dominance is facing a challenge from a new app that taps into pocket money to teach kids financial literacy.
Deadlines for bank culture reform slipping
Reviews into banker pay and the industry code of conduct are slipping but banks are accelerating whisteblower protections.
Banks mull IBM Watson's regtech offering
IBM faces stiff competition from regtech start-ups and banks pursuing open source alternatives to its proprietary AI system.
ANZ cuts the importance of sales targets
ANZ branch staff were told this week that customer satisfaction will be more important than sales when calculating bonuses.
SoFi targets mortgage lending in Australia
The well-funded US fintech start-up is looking to hire staff in Sydney to take on the big banks in the $1.5 trillion mortgage market.
Banks accept crackdown on volume-based pay
The big four banks say they are willing to make whatever changes an independent reviewer of pay calls for in March.
Bank 'accelerator payments' to staff amplify risk
Some product-based payments in retail banks some should to be curtailed to reduce the risk of customers being duped.
APRA to force big banks to report more data
High quality, factual data from banks contributes to informed public debate, APRA says.
NAB lifts fixed interest rates for home loans
NAB has blamed rising funding costs in capital markets driven by expectations for inflation for its decision to increase fixed interest rate...
Afterpay provides lay-by for the digital age
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NSW government backs $4m in fintech funds
NSW Deputy Premier John Barilaro says the state is willing to provide loan guarantees to help early stage start-ups attract funds.
Ex-RBS bankers launch fundraising start-up
Two former bankers from RBS have bootstrapped a startup seeking to disrupt mid-market corporate advisers.
ANZ sells UDC Finance to China's HNA
ANZ says HNA will preserve UDC's operations lending to NZ businesses purchasing plant, vehicles and equipment, and will keep all staff.
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