Financial institutions / Big five & fintech (1,526 items)

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Unmet needs one fault for banks

A fresh snapshot on access to and use of many basic financial services gives an unflattering view of the Australian banking sector."Almost one in three adults (31.6 per cent) had no savings," analysis by Centre for Social Impact at the University of New South Wales concluded.  National Australia Bank co-produced the report, which was released on Friday.The "unbanked" ratio, though, is low at 2.7 per cent. read more

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