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ASIC is taking legal action against two payday lenders, alleging they "conned borrowers, charging interest rates of up to 160 per cent", according to a report aired last night on ABC TV program The Bu.. read more

Australian banks pay close attention to the average number of products their customers hold with them, with varying notions as to how many products they need to cross-sell before they consider a custo.. read more

Cloud based accounting software provider Xero has signed up three more Australian financial players, albeit small regional operators. read more

A global fraud study of more than 6,000 consumers across 20 countries, including Australia, has shown that, in contrast with the rest of Asia-Pacific, consumer behaviour in Australia and New Zealand t.. read more

National Australia Bank is looking to raise the performance of some of its underutilised retail bank divisions, notably personal loans and credit cards, Gavin Slater, the bank's group executive for pe.. read more

Banks will become product innovators, capable of wresting large scale market share from incumbent super fund managers thanks to their existing relationships and access to financial data on millions of.. read more

In what it claims to be an Australian first, nabtrade clients will be able to watch all securities market price changes in real-time without the need to refresh their web browsers. read more

The Customer Owned Banking Association has again called for a crackdown on what it calls "misleading and confusing banking information given to consumers", this time in its submission to the Competiti.. read more

The core operations of "traditional" banks, such as deposit taking, are well protected from digital disruptors such as PayPal but there are threats to areas not as reliant upon the balance sheet, in p.. read more

Fitch Ratings is to introduce new indices to cover payment rates of claims submitted to lenders' mortgage insurance providers (LMI) across prime residential mortgage-backed securities. Fitch said this.. read more