The top 10 articles for 2019
Our readers were attracted to a mix of stories focusing on innovation and regulation.
As the year draws to a close, AB+F pulled out the stories that resonated with our readers. Amid the big news around AML breaches, tighter credit condition and billion dollar remediation costs, our list highlights a strong focus and interest in innovation.
As the top story, no doubt there is much interest in how ING is leading on trust. The bank was awarded RFI Group’s Most Trusted Bank at this year’s Australian Banking Innovations Awards.
With open banking slated to be introduced in February, the open data framework was also of keen interest to our readers.
And it seems punters were wrong on tipping former Premier and National Australia Bank executive Mike Baird to the top job – with the job being given to banker with international experience – former CEO of Royal Bank of Scotland Ross McEwan.
ING awarded most trusted bank
ING was awarded Australia’s Most Trusted Bank at the Australian Banking Innovation Awards gala dinner on Wednesday night while its CEO Uday Sareen was named the Financial Services Executive of the Year.
BEAR expanded under royal commission recommendations
The Banking Executive and Accountability Regime (BEAR) will be expanded to cover all financial services sector including credit providers and regulators as the government agrees to action all 76 recommendations from Hayne’s final report.
Why ASIC’s shrink is not a shrink
Part of the problem in the recent criticism of ASIC's move to put a psychologist in boardrooms is the lack of understanding of what organizational psychologists actually do, according to a leading risk expert.
Punters tip Baird for NAB’s top job
It seems that National Australia Bank's leadership woes have caught the interest of the wider Australian public, with punters tipping former NSW premier Mike Baird and current NAB executive to be in the top job at the bank.
Blockchain’s powerful invisible force is Australia’s future
Head of experimentation and blockchain at Innovation Lab of the Commonwealth Bank, Sophie Gilder is at the forefront of the latest blockchain innovations in Australia and outlines what it means for banks and implications for regulation.
CBA’s $5 billion tech spend
Commonwealth Bank CEO Matt Comyn announced plans to invest over $5 billion over the next five years, much of it directly in the bank’s technology systems both on security and service front.
How Macquarie Bank drove culture behind its digital bank
With fintechs continual rise in the banking world, Macquarie Bank kept pace by completely shifting its internal culture to a customer-centric business that continues to support its digital bank.
Xero in big data patent ownership dispute with factfin
The ownership of a patent relating to big data is currently in dispute between Xero - which kicks of its annual Xerocon conference today - and fintech Factfin.
Open banking: What Australia is teaching the UK
Although open banking is yet to be introduced in Australia, the UK market is already eyeing a key feature of Australia’s regime.
The missing pieces in open banking
Introducing write access into open banking and ensuring consumer buy-in with a considered approach to education will be key in taking the framework to the next level.