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MYBank uses Alipay to serve SMEs
Online commercial bank in China, MYbank has enabled their Star Plan to serve over 15 million small and medium enterprises (SMEs)....
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QBE the latest to sign up to financial inclusion
QBE Insurance Australia has announced it is joining the Financial Inclusion Action Plan (FIAP) program, an initiative between Good...
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Niche play still paying off for mutuals
The traditional niche customer base of the mutual sector remains sizeable, however, the industry is expected to still consolidate...
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How will Facebook tackle open banking?
Since Facebook announced its digital wallet driven by a global currency using blockchain technology, financial institutions across...
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Westpac chair acknowledges poor thinking on non-financial risks
Westpac chair Lindsay Maxsted said the bank’s approach to non-financial risks was “less mature” than its approach to managing...
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Are the big four holding innovation to ransom?
Despite the rhetoric on innovation, the big four seem to be dragging their feet on a number of technological fronts including a...
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The sticky data issues in open banking
A sticky set of issues will need to be addressed in the government’s recent consultation paper into open banking with two opposing...
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The “surprising” numbers in APRA’s mortgage data
APRA’s latest data on the mortgage books of the banks reflects ongoing improvements in mortgage quality but there was a surprising...
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Banks showing strong climate change awareness but action needed
APRA has found banks are most aware about climate change after they surveyed 38 of Australia's largest banks, insurers and...
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