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An overview of news, trends and research in the Banking industry in Australia:
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No news found.
Neobank Volt partners with TCS for digital payments platform
Australian consumer bank has agreed a partnership with Indian IT giant Tata Consultancy Services to build and run its soon to be launched Banking as a Service (BaaS) platform.
29 December 2020
Mobile-bank Hay embraces tech for customer experience
Hay – a cloud-based financial services firm headquartered in Sydney – has successfully developed a robust transactional infrastructure that enables quick and seamless customer service.
26 August 2020
Seven technology innovation trends in financial services
Amid a disruptive environment, innovation in financial services is picking up rapidly to meet changing customer expectations, improve internal operations or comply with regulations.
22 July 2020
Higher costs slash profits of Australia's four major banks
Australia’s major banks saw a decline of more than 40% in their profits for the first half of this year, compared to the same period last year.
13 July 2020
Tradeplus24 taps BDO Corporate Finance for growth equity hunt
The management of Tradeplus24 has hired corporate finance consultants from BDO to help the company secure $5 million in growth funding.
09 July 2020
Exodus of consultants and contractors at Australia's NAB
As part of its Covid-19 response strategy, National Australia Bank (NAB) has slashed funding for its ‘change the bank’ portfolio, a decision which has seen around 100 projects killed or put on hold.
19 April 2020
CBA's start-up venture X15 partners with KPMG and Microsoft
Commonwealth Bank (CBA) is looking to tap into the burgeoning financial technology (FinTech) market across the country through the launch of a FinTech startup incubator X15 Ventures.
19 March 2020
Virgin Money taps Deloitte Digital for digital bank launch
Virgin Money has announced it is establishing a digital bank in Australia.
12 March 2020
Ekulus Consulting helping AFG with Oracle CX transformation
The Australian Finance Group (AFG) is looking to revolutionise user experience (UX) in the mortgage brokering sector by bringing together the complex world of brokerage information onto a single, app
10 February 2020
NAB hires Bain & Company for strategic planning review
The new chief executive officer of National Australia Bank (NAB) Ross McEwan has brought in consultants from Bain & Company to assist with a four month strategic planning review, as the bank’s new bo
10 December 2019
Australia's major banks take financial hit as market intensifies
Australia’s major banks have had a tough year relative to the overall banking sector, with a substantial decline in cash profits and a falling share of the mortgage market, according to a new KPMG re
17 November 2019
Australia's four largest banks spent $1.1 billion on Big Four
Australia’s four largest banks – ANZ Bank, Commonwealth Bank, NAB and Westpac – have in the past decade spent over $1.1 billion on fees for hiring the services of Big Four giants EY, KPMG and PwC.
29 October 2019
JP Morgan poaches three dealmakers from PwC
When Annabelle Mooney early August announced she was leaving PwC for investment banking giant JP Morgan, her employer PwC was understandably disappointed.
16 October 2019
Deloitte and Moelis complete sale of collapsed Axsesstoday
SME lender Axsesstoday has been sold out of danger, following a voluntary administration process overseen by Deloitte and advisors from Moelis & Company.
25 September 2019
Australians are increasingly tapping into FinTech services
Australia is among six large markets across the globe that have experienced a remarkable jump in the level of financial technology (FinTech) adoption since 2017.
20 August 2019
PwC's Annabelle Mooney returns to investment banking roots
Two years after leaving investment banking for merger & acquisition consulting, Annabelle Mooney has returned to her roots.
05 August 2019
Commonwealth Bank working with McKinsey on massive job cuts
The Commonwealth Bank could be set to cut up to 10,000 jobs and around $2 billion in costs according to reports, with the bank working on the plan with McKinsey.
16 April 2019
Private wealth in Australia booms to $6.1 trillion and $279,000 per Aussie
Total wealth held in Australia rose strongly over the 10 years to $US 6.1 trillion in 2017 from $US 3.4 trillion in 2007.
14 December 2018
Two Australian cities among the worlds 20 top financial centres
Sydney and Melbourne both retain their position in the top 20 of the Global Financial Centres Index, a financial markets competitiveness report released by British research consultancy Z/Yen Partners
17 September 2018
Big Four banks named as Australia’s most valuable but least trusted brands
The Australian Royal Commission into the misconduct of banking may have already wiped billions off the sector’s total market value, but banks still represent the most valuable brand sector in Austral
16 July 2018
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