The Banking Code Compliance Committee has called on banks to keep a heightened focus on their management of deceased estates, after a review found further work is needed to ensure improvements are ...

As of Monday, 13 July 2026, non-bank lenders have started sharing Product Reference Data in compliance with their Consumer ...

A handy guide from the Auditor-General on approaches to repeatedly dodging paying tax debts, and building confidence that a ...

Linfox Armaguard has incurred losses in the order of $130 million in recent years, the firm’s chair, Peter Fox, told the Senate’s Economics Legislation Committee yesterday. The firm continues to incur ...

How bizarre. The House Economics Committee yesterday said it “encourages Australian banks and payment service providers to consider lodging a new application with the Australian Competition and ...

In its first year of operation, Confirmation of Payee (CoP) has been used more than 150 million times to match the name of a bank account with the intended recipient of the payment. The goal of CoP – ...

Judo Bank yesterday shocked the market with news of a hike in provisions, and a hike in what it terms ‘cost of risk’, via specific provision increases “for three exposures across different sectors ...

A key pillar of AML/CTF frameworks is identity verification of a bank account owner via ‘know your customer’ (KYC) checks, typically requiring 100 points of identification from physical documents, ...

The bundling of payments processing with integrated Point of Sale platforms, or rather how best to go about unbundling these arrangements, is a prominent theme in the latest Issues Paper on payments ...

The topic of core banking transformation is important for Australia’s banks. Choice of software provider impacts multiple integrations for the stack, for example, to enable payments, AML/CTF ...

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