Banking
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.
The latest executive raid in Australian banking is part of an intensifying global battle to attract the best AI talent.
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.
Despite growing interest in autonomous AI, most banks lack the systems, governance and alignment needed to turn promise into practical progress.
Matos begins as ANZ CEO with a focus on risk, delivery and continuity, aiming to speed up key projects without shifting core strategy.
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.
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.
The regulator is liaising with the Customer Owned Banking Association to get feedback from mutual banks on a new supervisory model that took the industry by surprise.
Macquarie Group has exited its public markets business in Europe and the US to free up capital for expansion in private markets and alternative assets.
The massive wave of post-Hayne remediation may be complete, but banks continue to grapple with new issues — costing valuable time and hundreds of millions of dollars.
Despite decades of reform, banks still struggle with non-financial risk — weighed down by bureaucracy, diluted accountability and a culture of compliance over control.
APRA has removed dedicated prudential supervisors for smaller banks, despite acknowledging growing risks in the sector — instead relying on an inbox and supervisory panel.
Despite rising global political pressure — including from Trump’s anti-ESG movement — Australian banks are holding firm on net zero, but Scope 3 gaps remain.
