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No news found.
Banks argue CDR costs too high for limited consumer uptake
With the support of Accenture, the Australian Banking Association (ABA) has released its latest strategic review of the country’s consumer data right regime, revealing an underwhelming level of uptak
08 July 2024
Why do transformations in the financial services sector fail?
For Australian financial organizations that launch transformation projects, the success rate tends to be low.
03 July 2024
More than half of Australians believe AI will improve banking
As technology continues to reshape the global banking industry, Australian banks are moving to embrace AI-powered personalised services.
28 June 2024
Half of banks 'not ready' for upcoming ESG regulatory reporting
Banks globally are lagging in their readiness for upcoming regulatory reporting in the ESG space, according to a new report by Avanade and the European Financial Management Association.
17 July 2022
Digital transformation in financial services sees an upswing
Executives and IT decision makers in the financial services industry believe cloud will be the most important technology to the success of their organisations over the next 12 months.
02 January 2022
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
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
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
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
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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