In its first year of operation, Confirmation of Payee has been used more than 150 million times to match the name of a bank ...

Traditional checks verify an identity exists but do not confirm whether the person claiming to own the identity is the real ...

How bizarre. The House Economics Committee has seriosuly banks consider lodging a new application with the ACCC to pursue ...

Judo Bank yesterday shocked the market with news of a hike in provisions, and a hike in what it terms ‘cost of risk’, via specific provision increases “for three exposures across different sectors ...

The bundling of payments processing with integrated Point of Sale platforms, or rather how best to go about unbundling these arrangements, is a prominent theme in the latest Issues Paper on payments ...

With regulated entities potentially switching from KPMG as their external auditor after this year’s 30 June work is done, Banking Day has clarified the roles of ASIC and APRA when a bank changes its ...

Australian banks, telcos, and digital platforms are being brought together from 31 March 2027 under the proposed Scams Prevention Framework (SPF) with black-letter obligations to prevent, detect, ...

The most controversial component of the government’s new Scams Prevention Framework is the role of Internal Dispute Resolution. One of several documents released for consultation by Treasury on ...

KPMG Australia is carrying $557 million in debt borrowed from NAB and DBS. That is roughly $815,000 per partner. The annual cash distribution to partners, and the nature of accrual accounting profit ...

The Federal Court has imposed a penalty of $35 million on the bank, after HSBC admitted to long-running failures in protecting customers from scams. Following an ASIC investigation, HSBC has ...