Banking
Shareholders have delivered ANZ a major blow over its corporate governance with a strike against the bank's remuneration report and sizeable hits to executive remuneration.
With protest threats and the risk of a remuneration strike at its AGM, ANZ's difficult year is far from over.
Ubank's CEO details the exhausting acquisition of 86 400, and where the neobank sits within NAB after the big bank's strategic review.
Merchant payments are a low-margin, capital-intensive game. ANZ sold its stake to Worldline for efficiency — but now it’s looking at buying it back.
Generative AI promises new services, better advice, more efficient compliance and cleaner coding, but for banks one of its most effective uses is in renovating the oldest tech.
Incoming ANZ chief executive Nuno Matos isn't the only winner from Shayne Elliott's departure. CBA is now the only Big Four bank not to change CEOs this year — and investors have taken notice.
External CEO appointments typically reflect a board wanting change. ANZ chair says that's not the case with Shayne Elliott's replacement, Nuno Matos.
The American crypto sector has recently been up in arms about the problem of debanking. The Australian industry says it's an issue here too.
The list of major names departing Jefferies continues to grow, as its fierce Wall Street rivalry with Goldman Sachs spills over into Australia.
As debanking has become a major topic in US crypto circles, prominent investor Mark Carnegie told Capital Brief he too has had accounts closed by major Australian banks.
In the latest of multiple reviews of payments and surcharging in Australia, industry seems to have only one view in common: it's a mess.
With Trump 2.0 on the horizon, the fund manager and VC says the cryptocurrency industry is at risk of leaving Australia behind.
In the next few years, CBA is aiming for generative AI to be at the heart of its key banking app and core systems, as it embeds the technology across the bank.
NAB narrowly avoided a court hearing this week in shareholder Diana Beere’s case, but could still face further action.
The bank is close to launching a major project involving tokenisation of superannuation payments.
Generative AI is becoming entrenched in financial services, but it remains far from transformational and banks are yet to see it drive revenue.
At the region's biggest fintech festival in Singapore, quantum computing and tokenisation were hot topics. But the chatter about last year's star, AI, was notably subdued.
After focusing on existing investments over the last two years, ANZ's 1835i has made the first of what will be a number of transactions.
Banks are ramping up AI investment, but much of it is aimed at countering fraudsters who are using the same technology to escalate scams and cyber attacks.
