Australian banks have now largely completed a decade long transition to stronger capital and liquidity positions, making them more resilient to adverse shocks than before the GFC, although a major cyberattack could shatter confidence, says the RBA. read more
Financial institutions / Big five & fintech (2,248 items)
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Executives from Sydney-based startup Xinja are figuring prominently at this week’s Intersekt conference in Melbourne and scored a few headlines on Tuesday when they revealed that international fintech guru Brett King was joining the company as a strategic adviser. read more
As speculation intensifies that Volt Bank is only a matter of weeks away from securing a full banking licence from APRA, the company has launched its largest capital raising program. read more
Bank investors hoping that the upcoming profit season might trigger a re-rating of the ASX’s most out-of-favour sector are likely to be disappointed as margin pressure, cost blowouts and regulatory uncertainty compress the earnings outlook for the industry. read more
Toyota Financial Services is to offer a "personalised interest rate approach" for its car loans, based on 14 unique criteria of the customer. read more
APRA has "more appetite to take action and apply penalties", goaded by the Royal Commission and public opinion. read more