afr.com
CBA regards artificial intelligence as a tool to lift productivity but also a threat, as it is deployed to take payments and offer financial services, bypassing banks.
about 1 month ago
afr.com
The lender has appointed a former Goldman Sachs banker to oversee a more sophisticated strategy of finding private credit partners to spread risk.
about 2 months ago
afr.com
The company’s predictive models have been using statistics about an area’s religious composition and eating habits to predict how customers will behave.
3 months ago
afr.com
Now that its mortgage book has been hived off to Blackstone, the chief executive of the multinational bank in Australia says it will target the top end of town.
3 months ago
afr.com
The bank said agents saved 12,000 banker hours in their first month. The productivity benefits come as analysts scrutinise ROI from surging AI spending.
3 months ago
afr.com
A property market slowdown had been expected following the RBA rate rises but this has been exacerbated by the budget changes and the Iran war, says the bank.
3 months ago
afr.com
Australian banks are gradually stepping up their use of digital currencies, with ANZ to issue a “tokenised deposit” this year to help corporate treasurers.
3 months ago
afr.com
The London-based fintech is moving to the centre of power in global retail banking. Its subscription fee model in Australia is turning heads.
3 months ago
afr.com
Europe’s largest private financial technology company, Revolut, will become a bank in Australia after receiving approval from the regulator.
4 months ago
afr.com
Equifax’s latest data on demand for mortgages points to a worrying decline in activity – not only from property investors but from first-time buyers too.
4 months ago
afr.com
The nation’s largest lender has sharpened its mortgage pricing, as new data points to an 11 per cent drop in mortgage applications in June.
4 months ago
