Banks
News about the roles of banks and banking in the Australian payments space
Banks
+1
May 6, 2026
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Digital trouble spots driving bank-based Digital Identity play ConnectID
Out of necessity rather than government intervention, the shift towards digital identity is moving rapidly, with ConnectID – a solution backed by Australian Payments Plus (AP+), Commonwealth Bank, NAB, ANZ and Westpac - taking a leading role.
Fintech
+1
May 6, 2026
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NAB-backed Banked quiet in Aussie market as local boss moves to Stripe
Former Banked and Waave boss Ben Zyl has moved to Stripe, as his former employer goes quiet in the Australian market and key customers appear to have moved on.
Fintech
+1
May 6, 2026
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Westpac and NAB ramp up as paytechs grab small business lending
Australia's banks are finally waking up to small business as data driven payments operators like PayPal, Square, Tyro, Stripe and BNPL offer easier credit options through “embedded finance” often linked to transactions.
Cash
+1
Apr 29, 2026
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Regional Australia doesn't need smarter ATMs, it needs bank branches
An ACCC filing suggests the Australian Banking Association wants multi-bank deposit ATMs to fill the gap left by 1,564 branch closures since 2020. But regional banks and their communities said a machine in a wall is no substitute for a person behind a counter.
Banks
+1
Apr 29, 2026
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Warning! CBA’s new AI fraud agent tests 80m signals a day
Commonwealth Bank customers may start to notice more proactive warnings about potentially fraudulent transactions after the bank deployed an advanced agentic AI system.
Banks
+1
Mar 18, 2026
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CHOICE: banks not doing their bit to stop financial elder abuse
A CHOICE report has found that most banks aren’t complying with their own industry code of practice to stop elder financial abuse - costing vulnerable people several billions of dollars a year.
Banks
+1
Mar 18, 2026
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US Ripple buys remnants of BC Payments for Aussie licence
US crypto outfit Ripple is buying the remnants of Banking Circle’s original Australian entity, BC Payments Australia, to obtain an Australian Financial Services License (AFSL) quickly.
Banks
+1
Mar 11, 2026
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Is Matos’ next move to ramp up or sell off ANZ Worldline and the Suncorp merchant business?
Well-versed in the art of acquiring, ANZ’s Nuno Matos now faces a payment headache – what to do with Suncorp’s 3,000 merchant customers, and his troublesome joint venture partner Worldline.
A2A
+1
Mar 11, 2026
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Macquarie wields PayID in catch up rental payments
By launching PayID on DEFT, Macquarie Bank is matching CBA and RentPay on real time payments – strengthening its ongoing campaign to dominate the $85bn-a-year rental payments market.
Fintech
+9
Mar 4, 2026
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ParliPay - hours of action-packed TV with a pinch of fiction
Last week I spent two days watching the parade of banking and payment seniors strut their stuff in Canberra at the House Economics Committee – the ParliPay hearings.
Fintech
+3
Feb 25, 2026
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CBA buys in Dynamic Least-Cost Routing and outage resilience with IPSI
The country’s biggest bank will be able to offer customers Dynamic Least-Cost Routing (DLCR) and improved outage resilience by year end, after it snapped up local innovative fintech IPSI.
Banks
+1
Feb 25, 2026
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NAB’s Citi gamble enters the proof phase as consumer bank execution comes into focus
With migration complete and proprietary lending rising, NAB is betting scale in cards and direct mortgages will lift returns, but market share and margins indicate the next phase depends on execution.
Banks
+1
Feb 18, 2026
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After a booming profit, CBA now says domestic issuing and acquiring run at a loss!
Australia’s biggest bank claims its domestic issuing and acquiring businesses are losing money.
Cash
+1
Feb 18, 2026
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Cash demand up at branches as closures continue
The latest Reserve Bank of Australia (RBA) statistics show demand for cash remains strong at bank branches, while some banks continue to close their doors at globally high rates.
Banks
+1
Feb 18, 2026
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CBA takes the lead on scams and fraud as credit growth bolsters banks
Granular detail on scams and fraud released by the Commonwealth Bank (CBA) throws down the gauntlet to its competitors.
