APRA levels bank playing field

At APRA, “we now hear from candidates for IRB status that they are concerned the proposals being developed will not provide them with any capital benefit whatsoever,” APRA chief Wayne Byres told a mutual banking conference yesterday. read more

Fax a fix for NZ RTGS

The Reserve Bank of New Zealand last night would not comment on the cause of an email outage that affected the operation of the country’s real time gross settlements system on Monday afternoon. read more

EML eyes Irish Prepaid payday

EML claims its third acquisition for the year will make it one of the world’s leading prepaid payments providers and a leading fintech enabler in open banking. read more

Judo Bank preps brand biff with UK fintech

Another legal battle over intellectual property rights has erupted in the local financial services sector, with fintech startup Judo Bank set to challenge moves by a UK business wanting to trade in Australia under the “Judo” moniker. read more

RBA quantifies the loyalty tax

The average discount to the standard variable rate that owner occupiers are paying on their mortgages is currently 120 basis points and new borrowers are receiving a further discount of around 30 bps. read more

Judo holds TD position

Judo Bank, a neobank lender to small and medium business, is testing the strength of its newness and its margin, offering market-leading term deposit rates just as the rest of the market is working out hot to wind up for Christmas. read more