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Inflation in Australia is declining. Recent figures from the Australian Bureau of Statistics (ABS) show that the Consumer Price Index (CPI) recorded a modest 0.6 per cent increase during the December 2023 quarter, marking the slowest growth since March 2021. Over the past year, CPI rose by 4.1 per cent, indicating a significant slowdown in … Continued
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The Luxembourg House of Financial Technology (LHoFT) Foundation, a cornerstone of fintech innovation within Luxembourg’s financial sector since 2016, is coming to Southeast Asia to promote cooperation and exchange between Luxembourg and SEA with their latest initiative – Catapult: Financial Inclusion Southeast Asia. This pioneering acceleration program is designed to empower fintech startups, fostering growth … Continued
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iGoDirect Group is pleased to announce that the Australian Securities and Investments Commission (ASIC) has granted iGoDirect, an Australian Financial Services Licence (AFSL). iGoDirect Group, Australia’s leading and long-established prepaid card and promotional technology provider has been granted the licence ahead of significant impending changes to Gift card providers by regulators. Pat Dalton, Founder of … Continued
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Monday 29th January 2024: Ireland has showed Australia how to ensure consumers can access and use cash – by forcing supermarkets and chemists to accept cash. Australia’s big banks and the cash industry are currently in talks to work out how to best support cash distribution. There is only one way to ensure cash is widely available … Continued
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**FOR IMMEDIATE RELEASE** [Tortola, BVI — 21/12/2023] – In the dynamic world of forex trading, seasoned investors and scalpers alike are constantly seeking innovative strategies to optimize their returns. Today, we shed light on an often overlooked yet powerful tool—Forex Rebates. Recognized for its ability to cut back losses in the long run, Forex Rebates … Continued
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New research from lender Salt&Lime shows most Aussies (65%) don’t know* what their credit score isand most of those people (64%) don’t know at least one factor that can damage the score.The findings show misconceptions about credit scores are strongest amongst woman compared tomen and 1 in 4 (26%) Aussies have been knocked back for … Continued
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PLEASE NOTE: EMBARGOED UNTIL 00:05 AEDT Tuesday 9 January Australia’s financial dispute resolution scheme has for the first time recorded 100,000 complaints in a calendar year – just ahead of the fifth anniversary of the Hayne Financial Services Royal Commission. “The volume of complaints escalated to AFCA has been increasing at an unsustainable rate,” David … Continued
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Darwin, Jan 2nd — Manage Your Loans, a newcomer and innovator in the financial technology sector, is thrilled to announce the official launch of its groundbreaking Digital Finance Broking Platform, revolutionising the way Australians manage their loans and financial aspirations. As part of this exciting milestone, Manage Your Loans proudly announces its strategic partnership with … Continued
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Agribusiness banking specialist Rabobank has announced support measures it will offer to its North Queensland farming clients adversely impacted by ex-Tropical Cyclone Jasper. Rabobank group executive for Country Banking Australia, Marcel van Doremaele said the bank was working with clients in the agricultural regions which had “borne the brunt” of intense rains and flooding … Continued
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Australia’s big four banks, for example, reported a record full-year profit of nearly $32.5 billion between them (up 12.4 per cent compared to the previous financial year). The Commonwealth Bank posted the largest profit ($10.2 billion) followed by NAB ($7.7 billion), ANZ ($7.4 billion) and Westpac ($7.195 billion). While the banks appear to be making … Continued
