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NAB working with Accenture on massive compliance fix
Consulting giant Accenture is reportedly working with the NAB on a “mammoth” project to fix the long-standing compliance issues which have recently led to increased regulatory scrutiny.
15 June 2021
Australia's insurance industry saw profits halve in 2020
Bushfires, storms, floods and a global pandemic have combined to give Australia’s insurance sector one of its worst years on record. KPMG presents the year’s key figures in a new report.
13 January 2021
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
ASIC spent $1.5 million on leadership and culture consultants
The Australian Securities and Investments Commission (ASIC) has over the past two years spent around $1.
14 December 2020
Covid-19 is reshaping insurance and wealth offerings
Covid-19 is likely to leave an enduring legacy in the financial and wealth management sectors, as consumer demands become ever more complex. This is according to KPMG analysis.
08 November 2020
AMP engages Symmetra and Oliver Wyman for cultural change
Embattled wealth advisory firm AMP has appointed two consulting firms to help accelerate its cultural transformation, as it looks to fend off mounting criticism of its internal corporate culture.
28 September 2020
AMP hires M&A consultants for strategic portfolio review
Australian financial services group AMP has engaged M&A consultants to undertake a strategic review of its portfolio.
15 September 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
L.E.K. Consulting launches Australian financial services practice
Global strategy consulting firm L.E.K. Consulting has launched a financial services practice in Australia and New Zealand. More than thirty years after launching in Australia, L.E.K.
13 May 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
OneVue taps PwC and Seaview Consulting for Madison work
Fund manager and investment services provider OneVue is working with consultants from PwC and Seaview Consulting in its bid to sell Madison Financial Group, a Sydney-based financial and wealth adviso
20 February 2020
EY to manage administration of three Sargon companies
Having been pushed into external administration by its creditors, Australian financial services firm Sargon has appointed EY to manage the administration of three of its subsidiaries in a bid to safe
20 February 2020
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
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
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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