More than A$15 billion has been processed on the New Payments Platform as of the end of August, the Reserve Bank of Australia said yesterday in its quarterly Bulletin. The RBA said there were over 1.9 million registrations the end of August, with 19.4 million interbank transactions settled. Commonwealth Bank and ANZ customers have been caught up in a fake banking apps scandal. The New Daily, citing a blog post from IT security firm ESET, has warned that fake apps for the CommBank and ANZ were among several bogus Android apps uploaded to the Google Play store in June 2018 that tried to mimic the genuine mobile apps of six banks in Australia, New Zealand, Britain, Switzerland and Poland, as well as an Austrian cryptocurrency exchange. ASB bank customers in New Zealand have also fallen victim. When launched, credit card details and login credentials for the targeted bank were requested. The apps were installed more than 1000 times before Google was alerted by ESET and removed them. Effective from Tuesday 25 September, ING in Australia is increasing the variable rates for its investor mortgage customers by 0.15 per cent. A spokesperson declined to speculate on the amount of extra revenue raised by this move, not on the reasons for this particular change. By way of comparison, two weeks ago, CBA's subsidiary Bankwest announced a similar 15 basis points boost to its home loans. These changes will be effective from 4 October 2018, and will apply to all Bankwest mortgages. The bank's managing director Rowan Munchenberg said the decision was due to a sustained increase in wholesale funding costs. Mid-week, indications of interest were sought for an upcoming securitisation issue by Liberty Financial, according to NAB's 'Securitisation Insights' bulletin. The 10-tranche Liberty Series 2018-3 RMBS deal is expected to launch next week with an indicative transaction size equivalent to A$500 million. It can be upsized. The structure will feature three AAA/Aaa-rated tranches: short duration A1a notes, (expected pricing: 80 basis points over 1-month BBSW area); Australian dollar denominated class A1b notes (1-month BBSW plus 135 to 140 bps area) and euro-denominated A1c notes (3-month Euribor plus 75 bps area). NAB's securitisation analysts said a general widening in the market has pushed the respective margins of the various classes 10, 20 or 30 bps higher than Liberty achieved in a $1.5bn RMBS deal in April. ASIC has taken action to stop a product disclosure statement for a crypto-asset managed investment scheme, issued by Investors Exchange Limited for units in the New Dawn Fund, citing concern over claims made. The fund was proposing to invest in a range of cryptocurrency assets as well as several proposed initial coin offerings or token-generation events (together, referred to as ICOs), targeting retail investors. In five separate matters since April 2018, ASIC said it has acted to prevent ICOs raising capital without the appropriate investor protections. These ICOs have been put on hold and some will be restructured to comply with the