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

A handy guide from the Auditor-General on approaches to repeatedly dodging paying tax debts, and building confidence that a ...

Globally, 10x Banking is celebrating its 10th anniversary, alongside several other global milestones, and market momentum in ...

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 ...

How bizarre. The House Economics Committee yesterday said it “encourages Australian banks and payment service providers to consider lodging a new application with the Australian Competition and ...

A key pillar of AML/CTF frameworks is identity verification of a bank account owner via ‘know your customer’ (KYC) checks, typically requiring 100 points of identification from physical documents, ...

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 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 ...

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 ...

A whole-of-organisation and whole-of-society response is required to the threats posed to the banking and financial system, and society generally, all ‘Five Eyes’ cyber security agencies have declared ...

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, ...