16

Non-bank, non-ADI lender Liberty Financial has continued to take advantage of the pressures on its listed banking rivals, posting a pre-tax profit of A$94.1 million. read more

Funding for growth in a post-Hayne world has become a lot easier for several of Australia's largest mutuals, with CUA now ready to issue a newly legislated mutual capital instrument. read more

National Australia Bank executives were keen to explain how much progress has been made at the two-year point along a three year $1.5 billion transformation project. read more

NAB's executive remuneration framework introduced last year has been ditched, after further hits to the bank's reputation showed the new system was not working. read more

Two of Australia's non-bank mortgage originators have hit their securitisation investors this week, raising more than A$1.6 billion for further lending operations. read more

Novatti says its application for a Restricted Authorised Deposit Taking Institution banking licence is "ready for final submission and approval by APRA". read more

While the indications are that bank customers want a better banking experience, it's still not clear that the cohorts of emerging digital only "neobanks" will benefit. read more

Australian banks have been prodded once again over their apparent complacency and reluctance to embrace innovation - notably a reluctance to consider the opportunities offered by open banking. read more

Stuart Stoyan, founder and chief executive officer of non-bank lender MoneyPlace, has suggested the new Consumer Data Right regime may attract global tech giants into the Australian fintech markets. read more

Banking sector analysts at Macquarie assert that 'diseconomies of scale' put three of Australia's majors at risk of large capital imposts under new rules proposed by APRA and RBNZ. read more