Building Society (61 items)

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Carney competes for fintech spotlight

There is "a growing pipeline of firms" - make that fintechs - clamouring for access on level terms with banks to the central bank's most vital, and real-time, payments processing. At least in England, or so BOE governor Mark Carney told a London fintech fiesta last night. read more

Carnell rebukes Bligh over Banking Code

The ABA has “not yet reached a view” on changing the definition of small business.The Hayne royal commission recommended that the definition of small business in the industry code of practice be amended to cover any business employing fewer than 100 full-time equivalent employees, where the loan applied for is less than A$5 million. read more

AusPost scores fee windfall under watershed CBA deal

Australia Post has confirmed that mutual banks and credit unions will not have to pay an annual “community representation fee” to participate in the Bank@Post banking service, but will potentially face steeper transaction charges under revised agreements. read more

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