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CBA locks exclusive partnership with AI platform

The bank has become the Australian financial services partner and minority stakeholder of H2O.ai, bolstering its artificial intelligence capacity.

CBA locks exclusive partnership with AI platform
Optus CEO joins REA Group board

The telecommunication company’s chief executive and former CBA executive has been appointed as a non-executive director of digital property platform REA Group.

Optus CEO joins REA Group board
CBA jumps into crypto

CBA will be the first big four bank to offer its customers the ability to buy, sell and hold crypto assets through its banking app.

CBA jumps into crypto
NAB dumped 40k customers over crime, fraud concerns

The big four bank has admitted to cutting off services to around 40,000 customers in the last two and a half years.

NAB dumped 40k customers over crime, fraud concerns
Reserve Bank calls for BNPL reform

The Reserve Bank has said buy now, pay later providers should remove their no-surcharge rules, which prevent merchants from passing on the cost of their services to customers.

Reserve Bank calls for BNPL reform
Senate committee pushes for accountability in debanking

The government has been told to develop a complaints process for businesses that have been dumped by their banks, following accusations of anticompetitive behaviour against fintechs.

Senate committee pushes for accountability in debanking
Self-service VOI tool launches for brokers

An Australian fintech has introduced a new self-service VOI product for the mortgages market.

Self-service VOI tool launches for brokers
Westpac pilots no-interest credit card

The major bank is piloting a zero-interest rate digital credit card, with plans to release it later this year, following similar moves by its peers.

Westpac pilots no-interest credit card
Fewer than 1 in 5 using bank branches

The number of people wanting to bank in person at a branch continues to drop, with less than 20 per cent electing to do so, according to new data.

Fewer than 1 in 5 using bank branches
Aussie fintechs chasing international growth

Lenders are the second-most common type of fintech in Australia, taking up a quarter of the sector that is mostly now geared towards expanding offshore.

Aussie fintechs chasing international growth
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