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Category: Banking

AFCA calls for stronger industry response after complaints by Aboriginal and Torres Strait Islander peoples rise record 25%

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The number of complaints lodged by Aboriginal and Torres Strait Islander (ATSI) peoples to Australia’s financial dispute resolution scheme surged by 25 per cent over the past financial year, signalling increased engagement with financial products but also highlighting urgent issues that require attention. The Australian Financial Complaints Authority (AFCA) received 3,161 complaints from Aboriginal and Torres … Continued

FINSIA announces The Regulators 2024: Navigating Trans-Tasman financial challenges

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Sydney, Australia – FINSIA is thrilled to announce the highly anticipated return of The Regulators, a key event on its annual calendar that plays an important role in shaping professional standards across the financial services industry.     The Regulators 2024, presented alongside FINSIA Gold Sponsor, PwC Australia, marks a significant milestone, as FINSIA proudly brings … Continued

House Economics Committee to hear from APRA and ASIC

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The House of Representatives Standing Committee on Economics will hold public hearings by videoconference on Friday, 25 October 2024 with representatives of the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC). The hearings are for the committee’s reviews of the APRA Annual Report 2023 and ASIC Annual Report 2023. The public hearings will be broadcast … Continued

Simfuni expands into Australian market, poised for significant growth

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Award-winning insurtech startup expands focus to life insurance sector, plans major funding round Sydney, AUSTRALIA – Simfuni, the award-winning insurance technology startup, today announced its plans to expand further into the Australian market, with a particular focus on life insurers seeking to deliver operational efficiencies and modern customer experiences. The company, which has gained recognition … Continued

Is your bank a climate laggard or leader?

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Macquarie has ranked last when it comes to a new benchmark that analyses the climate strategies of Australia’s 5 biggest banks.   Out of a score of 100, Macquarie received just 50.19, ANZ was only slightly above (50.85) and next in line were NAB (58.1), CommBank (57.86) and Westpac (61.85).   While Westpac received the top spot, … Continued

Pro Visionary’s Commitment to ESG Gains Momentum Amid Evolving Australian Market

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Pro Visionary strengthens its commitment to ESG, integrating sustainable principles into fixed-income strategies to drive long-term value while addressing climate risks and societal challenges in the Australian market. SYDNEY, AUSTRALIA / ACCESSWIRE / September 29, 2024 / As ESG (Environmental, Social, and Governance) considerations take centre stage in the financial industry, Pro Visionary, a Sydney-based … Continued

Manage Your Loans partners with TorFX to enhance currency exchange solutions

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Manage Your Loans, a leading Australian firm dedicated to empowering clients with tailored loan solutions, is proud to announce a strategic partnership with TorFX, a specialist in foreign currency transfers and payments. This collaboration aims to offer customers efficient, cost-effective, and seamless currency exchange services, enhancing the value and breadth of services provided by Manage … Continued

Customer-owned banks urged to improve breach reporting

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  The latest Annual Report of the Customer Owned Banking Code Compliance Committee (COBCCC) has highlighted efforts to improve breach and complaints reporting by customer-owned banks.  The COBCCC’s report reveals that the number of customer-owned banks reporting zero breaches significantly decreased from 13 in 2022-23 to just four in 2023-24.  Chair of the COBCCC, Jocelyn Furlan, … Continued

Central Bank of Bahrain Grants Crypto.com Payment Service Provider Licence

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MANAMA, BAHRAIN / ACCESSWIRE / September 19, 2024 / The Central Bank of Bahrain today granted Crypto.com full approval to provide payment service provider (PSP) services through its subsidiary registered in the Kingdom of Bahrain under the commercial name "FORIS GFS BH B.S.C. CLOSED", adding to the company’s significant regulatory milestones in the region. The … Continued