CBA’s 7% slump marks a shift as funds move from banks to miners, leaving super funds holding the bag. Have peak bank valuations come and gone?
Banking
Long encumbered by outdated legacy systems, Australia’s big banks are increasingly leaning on artificial intelligence to entrench their market positions.
This year's edition of Intersekt cut to the core of fintech’s biggest debates, from founder mode and manager mode to the evolving corporate-fintech partnerships shaping the industry’s future.
The most transformational developments in payments, which will reshape financial services, are real time account-to-account payments and open banking, according to Capgemini.
WAM's Matthew Haupt says he has "never seen anything like this before", with CBA shares exhibiting an unusual pattern almost every trading session.
You wouldn't know it from the sentiment and insolvency data, but business banking is the hottest area of competition, and not just based on the price of lending. Citi, for one, is targeting businesses with offshore ambition.
Amid a push for extra fees in the new real time payments system, the RBA has warned participants to recognise the benefits they are receiving, not just their spend.
PayTo, meant as a low-cost direct debit alternative, is facing the prospect of extra fees — raising costs and the prospect of consumer surcharges.
Australia's high bank share prices have much to do with consistency and safe haven status. Westpac's very predictable decision to appoint Anthony Miller as its new CEO won't damage that reputation.
Returns on private credit investments are falling as more funds, fewer suitable assets and looming regulatory scrutiny all dampen the market.
Are small merchants cross subsidising large ones for digital payment costs? Who should pay for cash? Who's making money from surcharging? The payments debate is heating up.
The ranks of mid tier banks have plunged 90% during Marnie Baker's 35 years at Bendigo Bank. Without government intervention or regulatory changes, it could get worse.
APRA is hiking ANZ’s capital penalty by 50% over its bond scandal, but even more damning is the regulator's frustration with the bank's slow pace on risk management and cultural issues.
Westpac was once the most enthusiastic of the big four banks on VC. Now it is taking a more nuanced approach to the fintech sector.
Many banks are dealing with margin pressure, low revenue growth and signs of a turning credit cycle. But for Bank of Queensland, these problems are existential.
The bank's trading update today completed a picture of a sector in good health. But bank shares remain extremely expensive — even for the banks themselves.
Private credit is one of the hottest asset classes in Australia, and now a Senate inquiry will look into how it could boost home ownership.
The Consumer Data Right appeared to have lost the interest of the government despite its huge promise. Now it has a clear agenda, and banks and fintechs are on notice.
