Technology

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

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.

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.

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

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.

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.

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.

Battling over technology and relevance has fired up mutual banks’ need to join forces, Newcastle Permanent’s chair has said.

The online home loan provider will now be included within the real estate marketplace’s services, the addition also introducing a new borrowing calculator.

The central bank of New Zealand is considering setting up a central bank-issued digital currency, or stablecoin, given the declining use of cash.