New Zealand's Commerce Commission says Kiwibank is the best placed among the non-big-four banks to be a "disruptive competitor".
March 25, 2024APRA has removed the A$500mn capital add-on it imposed on NAB in 2019 to reflect higher operational risk identified in its risk governance self-assessment.
March 14, 2024The A$10,000 monthly limit is intended to keep customers safe from fraud and scams, the bank said.
March 5, 2024CBA can now obtain and maintain LEIs for clients leveraging its ‘business-as-usual’ KYC and onboarding processes.
February 21, 2024Across Australia, some 7,400 CBA and CommSec employees were underpaid A$16mn from 2015 to 2021.
February 20, 2024CBA and Vodafone are sharing intelligence on SMS scams to help disrupt, detect and block fraudulent payments.
December 14, 2023Priority initiatives to make banking safer include a new confirmation of payee system and expanded intelligence sharing.
November 24, 2023Luke Murphy, president of the Law Council of Australia, said there are vulnerabilities but they can be managed by augmenting existing controls.
October 11, 2023Transfers to crypto exchanges beyond A$10,000 will be declined. In some cases, certain payments to crypto exchanges will be held for up to 24 hours, regardless of the amount.
August 8, 2023The ACCC said a merger between Bendigo and Adelaide Bank and Suncorp would be a better outcome.
August 7, 2023