NSW banking tender wide open to fintechs

Fintechs are being validated in Australia like never before. The NSW government is openly inviting fintechs to play hard in an upcoming tender for whole of government payments services. read more

De-banking crypto helps curb scam losses

Efforts by banks, telcos and others to combat the scourge of scams are bearing fruit. The Targeting Scams report reveals a 13 per cent decline in reported scam losses to $2.7 billion over the year to.. read more

Armaguard and banks reach terms

Incredibly, Prosegur are interested in buying Armaguard, but this won’t be needed. The ABA is understood to have reached terms with Armaguard that will assure cash distribution is maintained. read more

One million Maslow dreams

The deeply idealistic fintech Maslow has set itself a target of one million customers in five years’ time. This would make it even more successful than Up, in the event Maslow ever pull this off. read more

RBNZ a reluctant competitor

One or more of the four Australian-own banks that command New Zealand’s banking sector can be relied on to take on the role of a maverick, or so the Reserve Bank of New Zealand believes. read more

Too Little Too Late saves bank skins

Expect bank dividends to be slashed under severe climate risk scenarios, while bad debts (at 5 times the base case) will be dreadful, with the industry facing 20 years of losses. read more

NZ sets sail for retail CBDC, by 2030

New Zealand is dreaming of a ‘digital cash’ version of the NZD currency. The only form of money “backed by the government and available to the public” is the promise. But the public isn’t being told a.. read more

Bank branch closure inquiry wraps

A bank branch (mainly NAB’s) closed in regional Australia every 5 days since a Senate inquiry into bank closures in regional Australia was announced early last year. read more

Insolvencies run hot all over

In certain industries insolvency risks are soaring – but not in the industries a casual observer might expect, the March 2024 CreditorWatch Business Risk Index reveals. read more