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Government told fintech should be a ‘national focus’
An industry body has said developing local technology and building up the sector’s access to capital should be a focal point for the government.
Write comment (0 Comments)UK-Australia passport to boost financial services
The first free trade agreement negotiated between Australia and the UK in over 40 years could see the creation of a passport-style regime allowing fund managers to attract investors in both markets, according to a global asset manager.
Write comment (0 Comments)COVID-19 sees banking code watered down
The peak body for the banking industry has inserted a number of changes to its code of practice to extend expected consumer wait times for customer communication as a result of COVID-19.
Write comment (0 Comments)Financial firms struggling to assess technology risks: report
The majority of financial firms’ risk managers in Australia don’t believe they can adequately assess the risk of disruptive technologies, with two-thirds (69 per cent) of executives in a study reporting that new complex risks are emerging more rapidly than their own skills are advancing.
Write comment (0 Comments)COVID-19 supercharges bank disruption
The banking sector is set for sweeping change as new technologies – and regulations – change how banks do business.
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