The digital asset industry has warned Treasury it is overestimating startups’ ability to comply with a regime designed for banks and super funds.
Banking
APRA and ASIC have urged corporate Australia to get their house in order as Anthropic’s new Mythos AI model raises new financial stability risks.
Bendigo’s tech-led strategic pivot has won a sugar hit from markets, but the bigger question is whether insourcing scale can deliver lasting growth.
Bendigo & Adelaide Bank is swinging the axe through its workforce as it bets on tech to cut costs and compete in a tough banking landscape.
Killing surcharges might spare consumers one irritation, but it will not settle the bigger question of who shapes the payments system next.
Australia’s most popular airline could face an earnings hit of nearly 2% as a direct result of the Reserve Bank’s overhaul of the way payment fees and surcharges work.
The RBA has moved to kill surcharges and cut card fees, but its payments overhaul has kicked off a fresh fight over who ultimately wears the cost.
RBA assistant governor Brad Jones says banks have been slow to embrace tokenised deposits. But some argue that delay could yet work in their favour.
The company expected to conduct the next big IPO on the ASX says it can survive no matter what the RBA decides on payments next week, as scepticism swirls over its mooted valuation.
More than a year after Capital Brief reported the plan, Westpac has begun moving 75,000 business customers from its sub-brands to the main bank.
After a bumper run, bank valuations look stretched as analysts warn earnings, margins and bad debts may leave little room for further gains.
What first looked like a Commonwealth Bank problem is shaping up as a broader fraud risk tied to broker and referrer channels across the majors.
Australia’s biggest banks have quietly been restricting access to referrer programs and investing in fraud detection as risks rise.
The financial crimes regulator has issued a fresh warning to banks, as loan referral programs face fresh scrutiny in the wake of an apparent outbreak in fraud.
Macquarie’s long-standing broker focus is turning into a serious edge, just as the major banks are distracted by fraud reviews, channel risk and weaker momentum.
