APRA boss Wayne Byres yesterday embarked on an awkward process of publicly calling on the major banks to overhaul their anachronistic core banking platforms, warning that their current systems would not meet “fit for the future” prudential requirements. read more
ME flags new products, loan growth and dividends
The rate at which superannuation cash has been pouring into not-for-profit super funds this year... read more
Brief: Money laundering risk for super funds and travel cards
Austrac has warned that retail and industry super funds are potential targets of criminal groups... read more
Bell delays and decays
No politburo has formed to nut out the Bell mess left by Alan Bond 27 years ago. Did Michael... read more
The Wikramanayake rabbit hunt
Shemara Wikramanayake and avoiding the Alphabet trap. read more
Distress and defiance from CommInsure
CommInsure’s treatment of a claim by an insured woman with breast cancer was based on an... read more
Brief: Hayne hits the mark
The royal commission into banking and financial services misconduct has achieved cut through with... read more
Collaborate with BigTech firms, banks warned
A Capgemini survey-based report indicates that, as lines between traditionally different... read more
Kiwi financial services escape GST and transaction taxes
New Zealand’s Tax Working Group, set up by the Labour-led coalition government to make... read more
CBA takes RMBS funding route for $1.6bn
Commonwealth Bank of Australia has launched a A$1.6 billion residential mortgage backed... read more
Briefs: NPP transactions hit $15 billion, fake apps scam hits major banks, Liberty to launch new RMBS deal, ASIC kills crypto deals, and more
More than A$15 billion has been processed on the New Payments Platform as of the end of August. read more
Byres puts heat on big banks to upgrade IT
APRA boss Wayne Byres yesterday embarked on an awkward process of publicly calling on the major banks to overhaul their anachronistic core banking platforms, warning that their current systems would not meet “fit for the future” prudential requirements. read more
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