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Kiwi banks report 11.3% profit drop for March qtr
Profits for New Zealand banks fell 11.3 per cent to NZ$1.24 billion for the March quarter on the back of higher costs, a rise...
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Royal commission: Spilling over to NZ
The findings of the royal commission have been more significant and far bleaker than anyone had imagined.
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Alternative finance lender demands more than doubled
An inaugural Equifax state of the nation report has revealed demand for alternative finance lenders has more than doubled...
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NZ bankers and the large brick wall behind innovation
Legacy issues, consumer trust and a “large brick wall” behind innovation are some of the issues keeping New Zealand bankers up at...
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New Zealand leads on digital banking
New Zealand leads the way in digital banking compared with other global markets with growing opportunities for greater mobile...
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NZ economy in good hands according to analysts.
New Zealand's triple A credit rating is in good hands as the country's economy faces little risk to its already strong...
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RBNZ: A big win for continuity
The New Zealand government's proposed reforms to the nation’s central bank won't bring about any real change, according to a...
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Payment NZ teams up with industry for new payment infrastructure
Payments NZ has partnered with six industry bodies to launch a new pilot digital payment method as part of their...
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RBNZ adds jobs to inflation mandate
As previously flagged, New Zealand’s central bank will explicitly include employment in its policy targets, ending a sole focus on...
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NZ banks post record profits
Profits for New Zealand banks rose 7.35 per cent to NZ$5.1 billion in 2017 driven mostly by a sharp fall in bad debt as the dairy...
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AI boosts global IT spend to US$3.7tn
Worldwide IT spending will hit US$3.7 trillion in 2018 according to the latest forecasts released by Gartner. ...
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Profits for Kiwi non-banks up 10%
Profits were up for New Zealand’s finance companies, credit unions and other non-bank entities driven by a lending slowdown in...
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