Bendigo and Adelaide Bank is repairing compliance failures and investing $80 million in risk systems, as its digital arm turns profitable and competition intensifies.
Jack Derwin
Markets and finance correspondent
Jack has worked as a business reporter for the better part of a decade, filing from Mexico, Spain, New Zealand and the Pacific. He has previously reported for The Asahi Shimbun, the second largest newspaper in the world, Business Insider and 7News amongst others.
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The seismic shift in domestic funding holds significant consequences for Australia as superannuation swells beyond $4.5 trillion.
The data centre unicorn’s claims about cooling tech, land and energy use have shifted fast. Bulls say its because AI is moving at warp speed, but others aren’t convinced.
The big banks are riding a strong earnings run and a market high. But with valuations stretched, how long can the buzz last?
While big name money is backing Firmus, not everyone in the market is convinced by the story, with its co-founder’s colourful past and sustainability claims among the concerns.
The Commonwealth Bank boss says rival banks could be pushing too hard to expand, risking margins, asset quality and a regulatory response.
Australia’s largest bank was found to have breached its disclosure obligations leading up to the $700 million AUSTRAC settlement. Now the High Court will decide whether it will have to pay for it.
CBA boss Matt Comyn isn’t buying the AI doomsaying, arguing the tech is more likely to lift jobs and productivity than gut Australia’s white-collar sector.
It’s rare for a big bank to trade with the exuberance of a tech stock. Here’s what gave CBA its biggest day on the ASX in six years.
The Australian investment titan has admitted it is exposed to two of the biggest forces shaping markets at the moment — AI and private credit. Just not in the way you might expect.
The $80 billion financial services titan has detailed its insights into global markets, domestic banking and promotional gimmicks.
The big banks are racing to prove their AI credentials, with each major stepping up investments as competition and pressure across the sector intensify.
The $52 billion fintech has found common ground with Australia’s largest bank as it looks to ramp up competitive pressure on Apple, Visa and Mastercard.
After two decades building a steady industrials empire, Wes Maas has shocked the market by offloading half his business to chase growth in data centres.
Mastercard says authenticated agentic commerce is nearly ready for prime time in Australia. The question is how quickly retailers and consumers will adopt it.
Banks closed 16,000 mule accounts last year, and Airwallex is caught in the controversy. So who is behind the scams on Facebook — and why can’t they be stopped?
The big four bank is making cuts and changes to its consumer finance teams as it finally completes the integration of Citigroup's Australian retail business, which it acquired in 2022.
Mastercard says it has run Australia’s first authenticated agentic transactions with CBA and Westpac, using Agent Pay to verify shopping bots.
The outgoing ASIC chair warns that technology and relentless financial advertising are leaving Australians overwhelmed and making poor investment choices.
AUSTRAC’s probe is testing Airwallex’s compliance and reputation as the fintech upstart pushes global expansion and fights to move past lingering controversies.
The social media giant won’t act on removing thousands of groups facilitating the trade of bank accounts, frustrating both big banks and law enforcement.
The $9 billion fund manager, led by managing director Mark Freeman, has stood firmly by WiseTech through turbulent times. For now, it's had enough.
Struggling to stem rollovers to rivals, many of the nation’s largest superannuation funds are investing heavily in advice.
The Department of Home Affairs has quietly approved a multi-year grace period for tougher reporting obligations, amid “implementation issues” raised by industry.
NAB and the Commonwealth Bank have been turbocharging their retail push, escalating a talent war as competition heats up across Australia’s major banks.
Joe Hockey’s new gig chairing a family office managing the wealth of a Chinese billionaire property developer and high roller shows the post-politics hustle never ends.
The big banks say the social media behemoth has allowed criminals to prosper on its platforms, and urged it to thwart 'mules' who rent out their bank accounts to bad actors involved in scams.
The former treasurer and US ambassador has built one of the most successful post-political careers in recent memory. But few could have predicted his latest move.
Australia’s banks head into 2026 with Macquarie in the freshly minted ‘big five’ and the majors battling tech revamps, restructures, talent raids and regulation.
They offer subtly different products and target different customers, but payments fintechs like Airwallex, Wise, Revolut and YouTrip are threatening bank dominance and rapidly reshaping global finance.
