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News about the roles of banks and banking in the Australian payments space.

CBA says payments resilience now a competitive advantage as geopolitical risks grow

The Commonwealth Bank says escalating geopolitical tensions, cyber threats and artificial intelligence are transforming operational resilience from a compliance obligation into a ...

Staff Reporter
August 12, 2026

Karen Last takes the wheel at ANZ acquiring as Worldline exits

ANZ has completed its acquisition of Worldline's majority stake in ANZ Worldline, installing payments executive Karen Last to lead merchant acquiring as ...

Warwick Ponder
August 5, 2026

Revolut Bank Australia – APRA grants ADI licence

Despite a recent zombie fraud controversy, APRA has granted Revolut Payments Australia a licence to operate as an authorised-deposit taking institution (ADI) ...

Warwick Ponder
July 22, 2026

Westpac joins bank rivals to ramp up support for family violence victims

Westpac has joined the rest of the Big 4 in partnering with the One Stop One Story Hub, linking vulnerable customers directly ...

Warwick Ponder
July 22, 2026

Open banking to crack the code on non-bank lenders

Every rate, fee and eligibility rule a non-bank lender charges will soon be machine-readable via open banking. That includes buy now pay ...

Alex Zaharov-Reutt
July 15, 2026

Big four move to outfox Armaguard at arm’s length

ANZ, CBA, NAB and Westpac have asked the ACCC for authorisation to run cash distribution through a jointly owned company that replaces ...

Alex Zaharov-Reutt
June 10, 2026

CBA unleashes AI “Companion” for testing on real customers

Commonwealth Bank’s AI vision just got real, with the bank unleashing “CommBank Companion” for testing on both businesses and consumers last week. ...

Warwick Ponder
June 10, 2026

Credit cards and international transactions spur bank fee boom … but it could get worse come October

If warnings from Australian Banking Association (ABA) CEO Simon Birmingham are anything to go by, Australia’s growing bank fee bill is about ...

Warwick Ponder
June 3, 2026

Tyro to fire up banking licence with new hire

Tyro has held a full banking licence since 2015, the first Australian tech company to get one. For most of the years ...

Alex Zaharov-Reutt
June 3, 2026

CBA sounds the bell on AI job losses but are payments functions on the block?

So far most Australian institutions have been reluctant to identify AI replacing jobs but the evidence from offshore on fraud, AML, compliance ...

Michael Sainsbury
June 3, 2026

Westpac data reveals rapid uptake in AI subscriptions

Westpac customers alone are paying $5.6 million a month on AI tools, according to the bank’s new payments data. ...

Rachel St Clair
June 3, 2026

Kiwibank leads NZ business open banking while BlinkPay completes real time test

Beating a raft of Aussie banks including Westpac and ANZ, Kiwibank has become the first bank in New Zealand to roll out ...

Warwick Ponder
June 3, 2026

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