Economy

The ABA has told government that the upcoming Consumer Data Right could have a “revolutionary impact” on competition, but privacy should be prioritised.

Shadow Treasurer Chris Bowen has written to Treasurer Josh Frydenberg urging him to release the final report from the financial services royal commission upon receipt rather than delaying.

The financial services royal commission will “undoubtedly” set a new wave of compliance burdens in motion, which could deliver “unintended consequences”, according to a banking fintech

While AI promises to transform the property purchasing and selling process, including compliance, lenders have been “fairly slow” in leveraging its potential, a CoreLogic executive has said

Financial institutions in Asia Pacific will face myriad challenges and risks in 2019 and Australia is no exception, a new S&P report has warned.

Volt Bank has been granted a full banking licence, becoming the first retail challenger bank to receive a full ADI since the early 2000s.

Only a few weeks remain until the royal commission hands down its final report. Its recommendations could be deadly in the hands of overzealous politicians approaching a federal election.

The former executive general manager of ASIC has been appointed to review the Customer-Owned Banking Code of Practice.

The slowdown in housing market conditions has offset GST revenue gains generated by Australia’s state governments, according to Moody’s Investors Service.  

A rise in auction activity has coincided with a drop in clearance rates, according to the latest research from CoreLogic.