ANZ has notched up a notable win over its rivals, snaring the most products among "main bank" customers in the nation and coming in second for digital engagement.
POSB Is Dominant Banking Brand in Singapore -- Market Talk
Competition Commission set to produce fresh banking targets for investigation
Westpac has been quietly piloting a partnership with new online small business lender Prospa for the past few weeks. At present, it involves referrals from a Westpac hosted website to Prospa's loan application site.
Banks need to do more work to help their small business customers understand the efficiency of electronic payments and the differences between the growing number of choices in the market, according to a senior industry consultant.
The banks are trying to target the lucrative small business sector but the message is not being heard because it is not specific enough, delegates at RFi Group's Australian SME Banking Forum were told yesterday.
Younger clients are turning to digital platforms, such as robo-advisors, as they’re accustomed to convenient and low-cost digital solutions in other services.
Chairman and chief executive of BankMobile, Jay Sidhu was in Sydney this week to speak at an RFi conference, where he said BankMobile was targeting the acquisition of 250,000 customers over the next five years.