Hong Kong is the latest country in Asia Pacific to establish a fintech hub and adopt a "sandbox" approach to regulating financial start-ups. read more
Professional services (325 items)
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Briefs: ING Direct appoints engagement agency, actuary tries to add science to marketing
Online bank ING Direct has named Sydney's The Works as its new agency to head customer engagement, reports marketing and media news website Mumbrella. read more
James and McKeith run out of legal options over RBS dismissal
Two former executives of ABN Amro Australia rebuffed by the High Court over a 2008 dismissal. read more
The transaction account morphs into a personal financial manager
Macquarie Bank is betting that consumers are looking for a financial manager and not just a transaction facility when they log on to their bank accounts. The bank has developed a range of digital tools around the theme of personal financial management for the launch of new transaction and savings accounts in its personal banking division. read more
Stargroup's ATM roll-up produces results
Stargroup is getting some positive results from its program of consolidation in the ATM market, with strong growth in revenue and positive cashflow. read more
Foreign news: SWIFT warns members to tighten security
SWIFT warns members to upgrade their security following hacks against users of the network. read more
ASIC guidance on robo-advice
ASIC has published guidance for the provision of digital financial product advice for retail investors, known colloquially as 'robo-advice'. It builds on an earlier series of consultation paper and draft guidelines. read more
Rand struck by Youi fraud claims
South African financier Rand Merchant Investment Holdings must contend with allegations it supported a systemic, fraudulent collection of premiums from sales targets that never agreed to buy. read more
New surcharge rules take effect this week
A new card payment surcharge standard will take effect on Thursday, limiting surcharges to recovering the cost of acceptance, which has been defined more narrowly than in previous versions of the standard. read more
Catch up with the past week of Banking Day
We've produced hundreds of articles for you this week, relevant archived news served up with the latest news. And the top latest news in banking? Let's face it, you're reading a stack of that in Banking Day. Catch up with the week's news. Adjust to the new look Banking Day. read more
Repo RMBS market a fillip for Perpetual Corporate Trust
The growth in so-called repo eligible RMBS – securities placed in a Reserve Bank committed liquidity facility to allow banks to meet APRA's liquidity target – is behind a growth in the corporate trusts business of Perpetual Ltd, which holds A$427 billion of securitisation funds under administration. read more