Momentum in the open banking regime has been flagging but a reset last year has boosted activity, including a Mastercard-Equifax tie up called Open Score.
Andrew Cornell
Andrew Cornell
Associate editor, banking and finance
Andrew is a multi-award winning journalist, including a Walkley for analysis of the global financial crisis, and was founding managing editor of ANZ bluenotes, Australia's first corporate newsroom. He is a former associate editor and north Asia bureau chief for The Australian Financial Review and author of several books on business and Japan.
Contact Andrew via email or Signal.
National Australia Bank's tidy growth narrative is being tested, with leadership churn and chatter around chief executive Andrew Irvine causing investor angst.
The RBA’s proposed ban on surcharges is a bold shake-up aimed at lowering payment costs — but it’s set to divide consumers, merchants and fintechs alike.
A global stoush is brewing over stablecoins, but the Reserve Bank is keeping an open mind with new real-world digital currency trials.
The Australian fintech is flipping the script, acquiring legacy bricks-and-mortar businesses to drive its offshore expansion, with two new acquisitions announced.
As global stablecoin use soars, the Reserve Bank is launching new trials of fiat-backed crypto, blockchain and CBDCs in real-world financial applications.
Depending upon your perspective, real time payments in Australia are either well down the runway or still just taxiing to takeoff.
A long-expected shift from banks to resources may be here. But we’ve seen this story before, and each time the banks have bounced back stronger.
SG Hiscock and Co portfolio manager Hamish Tadgell is an unrepentant active value manager in an era of passive money.
APRA introduces a new operational risk standard but says it still sees uncertainty in global markets and has no plans to follow the US Fed in letting banks lower capital
ANZ’s tech chief is leaving just as banks around the world rethink who should lead AI, with JPMorgan CEO Jamie Dimon saying the function is simply too important to sit under tech.
Constantinople has established a strategic partnership with 10x as it looks to quadruple its client base over the next year providing a virtual banking package.
ANZ’s plan to buy back its payments business stake has gained fresh urgency after its partner Worldline was linked to a scandal involving high-risk clients.
The Bank for International Settlements has warned that stablecoins can’t replace real money, lacking central bank backing, flexibility and safeguards.
As banks chase efficiency and direct customer relationships, AI agents are emerging as a possible lever for transforming lending, advice and digital commerce.
Maile Carnegie’s departure leaves ANZ searching for a new retail chief — and adds fuel to a fierce war for talent across the big four banks.
As banks pull back, private credit is stepping in — funding non-bank lenders across niche sectors and driving a shift in Australia’s lending landscape.
NAB is shutting down its long-running mortgage platform Advantedge, prompting backlash from brokers and a major shift for over 50,000 customers.
Private credit targets higher returns through higher risk. But research shows investors haven’t seen value over the full cycle since the GFC.
As the “TACO” trade calms markets, private debt demand is driving down funding costs for smaller lenders like MONEYME amid global volatility.
The bank is set to launch “amie”, a multi-agent AI chatbot developed with AWS, aiming to deliver real-time market insights and boost client engagement.
Commonwealth Bank keeps on defying its many sceptics, becoming Australia's first $300 billion company today after its share price hit a new record. What could go wrong?
Airwallex has appointed a new board for its licensed entity as it moves closer to securing a banking licence in Australia.
HSBC is growing its Australian corporate banking arm by backing high-growth tech firms and linking them with its global Innovation Banking network.
The big banks have moved rapidly to use AI assistants but they will need the best talent and governance structures to take things to the next level, according to a top consultant.
The major financial services regulators are becoming more vocal and taking more onerous action, citing increasing complacency on cultural and compliance issues.
The former ANZ boss says Australia’s heavy regulation may benefit fintechs — if they can turn compliance into a competitive edge.
Commonwealth Bank CEO Matt Comyn's success in building a strong team inevitably means they will be targeted by rivals, given only one can eventually become chief executive.
Westpac has poached CBA's Andrew McMullan to become its new chief data, digital and AI officer, as CEO Anthony Miller reshapes the bank’s top ranks with rival talent.
The move signals CEO Anthony Miller’s push to sharpen Westpac’s customer focus, as banks renew efforts to rebuild trust after the Royal Commission.
Rising costs and competition are fuelling merger talks across the mutuals sector — and People First Bank is ready to make its next big move.
Exclusive research suggests top corporates — not just SMEs and real estate developers — are seeking private credit funding instead of traditional bank loans.
Matos begins as ANZ CEO with a focus on risk, delivery and continuity, aiming to speed up key projects without shifting core strategy.
From internet search to social housing, Evan Thornley shares what decades in tech, politics and startups have taught him about innovation with impact.
Elliott exits the bank with no plans for another executive role or board seats, while reflecting on major achievements and some missteps in his tenure.
The millionaire factory's reputation relies heavily on being the smartest bank in the room, but ASIC has just given it a fail grade on compliance.
NAB’s slightly better-than-expected half-year result and low-risk strategy built on Toyota-style continuous improvement won over investors.
For a new chief executive, Anthony Miller delivered a very unsurprising Westpac half, with modest numbers and a positive slant on the outlook for banks.
Politics keeps banks tied to branch networks, but consultants Kearney argue they could do far more to offset costs and boost mortgage sales.
