Banks

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

Banks build tokenised defence as wholesale finance falls behind

Banks build tokenised defence as wholesale finance falls behind

Australia’s wholesale financial system has fallen behind its dynamic retail payments market, prompting the RBA and banks to accelerate tokenised deposits as ...
Taylor takes ASB helm as New Zealand payments pressure builds

Taylor takes ASB helm as New Zealand payments pressure builds

CBA-owned ASB is changing leaders as New Zealand confronts major decisions on cash, real-time payments, open banking and stronger Trans-Tasman payment links. ...
ACCC puts three-year leash on big bank regional ATM trial

ACCC puts three-year leash on big bank regional ATM trial

The ACCC has approved an ABA regional ATM trial, but limited it to 20 machines, three years and narrowly defined collaboration between ...
Kiwis don’t understand open banking but they want what it does

Kiwis don’t understand open banking but they want what it does

According to a Cuscal Paymark study, just 32% of New Zealanders understand open banking. Demand for what it delivers, however, is substantially ...
No deposits, as ACCC puts banks on a short leash for ATM trial

No deposits, as ACCC puts banks on a short leash for ATM trial

The ACCC has cleared the National Australia Bank, Westpac, ANZ and Bank of Queensland to start their regional ATM experiment, but has ...
Double trouble: CBA glitch triggers multiple false debit card charges

Double trouble: CBA glitch triggers multiple false debit card charges

Just days after posting a record profit, Commonwealth Bank has suffered a card processing error which saw some of its World Debit ...
Westpac NZ open banking payments top $250m as Kiwi adoption accelerates

Westpac NZ open banking payments top $250m as Kiwi adoption accelerates

Westpac New Zealand has passed $250 million in open banking payments as customer adoption accelerates, providing an early indication that account-to-account services ...
CBA says payments resilience now a competitive advantage as geopolitical risks grow

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 ...
Karen Last takes the wheel at ANZ acquiring as Worldline exits

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

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 ...
Revolut Bank Australia – APRA grants ADI licence

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) ...
Open banking to crack the code on non-bank lenders

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 ...

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