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The Banking Code Compliance Committee (BCCC) has sanctioned the Bank of Queensland (BOQ) for serious and systemic breaches of the Banking Code of Practice. BOQ and its subsidiary brands BOQ Specialist and Virgin Money Australia failed to stop or refund over 2500 instances of fees and interest that were incorrectly charged to the estates … Continued
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SYDNEY, 13 JANUARY 2025 – Banking Circle S.A. (‘Banking Circle’), a Luxembourg licenced bank and a leading international provider of next-generation banking services, has announced today that it has entered into an agreement to acquire a 100% stake in Australian Settlements Limited (‘ASL’), subject to satisfaction of certain closing conditions including regulatory approvals. This acquisition … Continued
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AHAM Capital is replacing legacy, on-premises systems with Temenos Multifonds Global Accounting on SaaS to drive scalable automation and future growth in the Malaysian market GRAND-LANCY, Switzerland, Dec. 17, 2024 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN) today announced that AHAM Capital has selected Temenos Multifonds Global Accounting delivered as SaaS to drive scalable automation and … Continued
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This week the Banking Code Compliance Committee (BCCC) published its latest report on compliance with the Banking Code of Practice, examining the January to June 2024 reporting period. This edition of the report highlights an increase in breaches of key obligations, reflecting both improved monitoring efforts from banks as well as ongoing challenges with compliance. … Continued
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Money’s December issue reveals all the leading financial products based on independent comparative data. The eagerly anticipated annual Best of the Best issue highlights the best value bank and home loan accounts, superannuation funds, managed funds and ETFs, the most economical insurance for home and cars as well as outstanding innovators in personal finance. This … Continued
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Strong International Demand and Sustainability Trends Drive Growth in Corporate Bonds, with Australian Market Showing Continued Resilience CANBERRA, AUSTRALIA / ACCESSWIRE / December 9, 2024 / Eastern River Pty Ltd, a leading bond specialist, reports that the global corporate bond market has experienced a remarkable surge in 2024, driven by strong international demand for stable, … Continued
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HOCHIMINH CITY, Vietnam, Dec. 09, 2024 (GLOBE NEWSWIRE) — Cake Digital Bank, Vietnam’s pioneering digital bank, announced it has achieved a remarkable milestone, becoming the first digital-only bank in Vietnam to attain profitability merely 3.5 years after its inception. This underscores Cake’s profound impact on Vietnam’s financial sector as it redefines banking for tech-savvy, young, … Continued
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Renewed confidence in the cryptocurrency market has seen Bitcoin surge in value in recent weeks, due to a “perfect storm” of factors including President-elect Donald Trump’s pro-crypto stance, post Bitcoin halving momentum and falling interest rates in the US. bitcoin.com.au CEO, Adrian Przelozny, said the impact of these developments was not confined to the … Continued
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Stereotypes of young people choosing avocado on toast over financial security have taken a knock according to data in the latest MyState Bank and Home Base Financial Wellbeing in Tasmania Report.The report, released today, reveals Tasmanians under 35 are taking the lead in preparing for an economic recovery, demonstrating financial resilience and optimism.The second Financial … Continued
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MANAMA, BAHRAIN / ACCESSWIRE / November 4, 2024 / Batelco, part of the Beyon Group, signed a memorandum of understanding with Qareeb Data Centers W.L.L., at the Gateway Gulf Investment Forum 2024. The MoU was signed by Batelco CEO Maitham Abdulla and Qareeb Data Centers Chief Strategy Officer Annemarie Van Zadelhoff in the presence of … Continued
