Archived News for Finance Sector Professionals
Any traditional bank trying to call itself a ‘digital bank’ is talking rubbish, according to ANZ chief technology officer Patrick Maes.
Experts push collaboration over competition
Financial technology experts say banks and the fintech industry must embrace “co-opetition” rather than direct competition to leverage the benefits of each others’ distribution channels and innovation.
Sports betting seen on slippery social slope
Experts say sports betting is becoming a normal social practice, but could potentially lead to peer pressure and risky gambling behaviour.
True SMSF costs counted
A new study has shown that self-managed super is certainly not a cheap option.
Bishop's chopper trip shows entitled excess
A furore is starting over the incredible travel entitlement spending of Federal Speaker Bronwyn Bishop.
Professor pushes calm in ever-shifting market
One Australian expert has warned mum and dad investors to brace for an extended stretch of uncertainty in global markets, as volatility becomes 'the new normal'.
Footy boss to help tackle SA unemployment
The chairman of the Adelaide Crows AFL team will lead a $15 million investment fund to attract businesses to South Australia.
ASIC urges new view of benchmarks
ASIC has warned sections of the finance sector to lift its game to prevent abuses of key benchmarks critical to the wider economy.
Lawyer says scrap Chap. 7 and start again
Financial services lawyer Ian McDermott says regulators should scrap Chapter Seven of the Corporations Act (the main financial services provisions) and start again.
Big cuts blamed for busted tax system
Shadow assistant treasurer Andrew Leigh says the Australian Tax Office's (ATO) online tax lodgement system is lagging because of Abbott Government job cuts in the public service.
Transport fraud trials continue
Nine men accused of running a multi-million-dollar public transport fraud ring in Victoria have been granted bail.
ABS figures bring call to look beyond mining
Figures show Australia's trade deficit narrowed in May, but the record trade deficit from April has been revised to be even wider.
ATO online falls in EOFY wave
The Australian Taxation Office (ATO) web tax filing service is struggling to cope with the EOFY influx.
BP to pay in multi-billion dollar oil deal
Energy giant BP has agreed to a $US18.7 billion ($24.5 billion) settlement over the 2010 Gulf of Mexico oil spill.
Carbon quest shouldn't be slowed by business, CCA says
The Climate Change Authority (CCA) says industry groups should not be concerned about aggressive reductions in greenhouse gas emissions unfairly harming energy-hungry industries.
Cost of living pushes more to the margin
Research shows one in seven New South Wales children are now living in poverty.
Saudi prince to spread incredible wealth
Saudi tycoon Prince Alwaleed bin Talal has promised his entire $US32 billion ($41.8 billion) fortune to charitable projects.
Sigma's sweet plan fails, drug bosses plead guilty
Two former Sigma Pharmaceuticals executives have pleaded guilty to falsifying accounts to inflate profits.
Cross-sector roundtable wants real climate moves
An odd coupling of business, union, environmental, investor and welfare groups has come together to push for action on climate change.
Hockey makes big deposit in new China bank
Treasurer Joe Hockey says Australia is lining up to become a founding member of the Asian Infrastructure Investment Bank (AIIB).
Insurance plan to dodge Government reform
Authorities are warning that life insurance changes will cost financial planners as much as $250 million a year in lost fees and commissions.