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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
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Despite a decline in breaches overall, the latest report from the Banking Code Compliance Committee (BCCC) shows a concerning increase in breaches of bank obligations to support customers facing financial difficulty. The report, Compliance with the Banking Code of Practice for January to June 2023, notes that breaches of obligations for dealing with customers facing … Continued
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In the December issue Money sets a path through the most pressing issue of our time: the cost-of-living crisis. Its annual Best of the Best awards identifies the hardest-working, most affordable financial products and services in order to actively save readers money and reduce their household bills. In this issue, Money also launches a new … Continued
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Save money without compromising your standards with the top financial products and services in Money magazine’s annual bumper awards issue, out now. The magazine names 105 gold winners across 72 categories, including term deposits, home loans, superannuation, insurance, managed funds, ETFs, online broking, as well as mobile phone plans, broadband, and cars. “With a possible … Continued
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San Francisco, CA – Airwallex today shared data on the impact of a new generative AI tool that enhances the speed and efficacy of its “Know your Customer” (KYC) and onboarding processes. The new tool reduces ‘false positives’ by 50 percent on average, while boosting the number of customers that pass through the onboarding process … Continued
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Sydney, Australia — December 7, 2023, Zafin™, the leading provider of SaaS product and pricing platform solutions for banks, announces today it has won the 2023 Banking Industry Architecture Network (BIAN) Best-in-Class Partner Award. The company was honoured with this distinction for its contribution to further core modernisation and continuous client business transformation through the … Continued
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Independent Reserve today announced a partnership with digital currency payments platform, RelayPay (relaypay.io), in a move that enables Independent Reserve’s business customers to easily accept cryptocurrency payments. Through the partnership, Independent Reserve business customers across Australia and New Zealand will be able to use liquidity on its platform to issue invoices and accept payments in … Continued
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The reason why we stand out among many brokers and are highly recognized is that we always prioritize customer experience. SINGAPORE, SINGAPORE / ACCESSWIRE / November 30, 2023 / In November 2023, IEXS, a global provider of exchange services, is pleased to announce that it has been honored with the awards for "Best Forex Trading … Continued
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One million cash withdrawals per day prove Aussies still want cash Banks often claim that consumers don’t want to face-to-face banking and cash services. But Australians are withdrawing the same amount of cash from a reduced number of cash access points. Now ANZ Bank’s secret plan to go cashless has been exposed by whistleblowers. News.com.au reported last … Continued
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Australia’s financial dispute resolution scheme has reached a major milestone – five years of operation. Consumers have taken more than 400,000 disputes to the Australian Financial Complaints Authority (AFCA) in that time, securing a total of $1.2 billion in compensation and refunds. This was during some of the most trying times financial firms and their … Continued
