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Small-to-medium enterprises (SMEs) across Australia continue to face significant headwinds in 2025 amid challenges driven by a combination of higher interest rates, a tight labour market and the increasing cost of doing business. Recent insights from the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) underline the urgency of the issue. Ombudsman Bruce … Continued
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Independent Reserve has today been named a global leader in anti-money laundering (AML) in the Hoptrail Crypto AML Leaderboards: 2025 Annual Review. The Crypto AML Leaderboard showcases how well Virtual Asset Service Providers (VASPs) are responding to financial crime issues, whether that’s KYC procedures, regulatory issues, integrity concerns, or financial transparency. Independent Reserve was the highest ranking … Continued
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Banks have made meaningful improvements in supporting vulnerable and diverse customers following recommendations from the Banking Code Compliance Committee (BCCC) in its 2021 report on inclusivity and accessibility. The BCCC recently concluded a follow-up inquiry that evaluated banks’ progress in adopting key recommendations from the original report of 2021 and has published the findings in … Continued
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DAVOS, SWITZERLAND / ACCESS Newswire / January 22, 2025 / The Bahrain Labour Fund (Tamkeen) has partnered with the World Economic Forum (WEF) to launch the Bahrain Skills and Gender Parity Accelerator. The announcement was made at Davos, exemplifying the theme of the 55th Annual Meeting "Collaboration for the Intelligent Age," wherein the data-driven accelerator … Continued
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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
