The Australian Competition and Consumer Commission should be designated regulator to monitor and promote more competition in the financial system, the Productivity Commission’s final report has recommended.
Write comment (0 Comments)New research has shown that Australian leaders in the financial services sector are acknowledging the impact of disruption caused by digitalisation – but they also feel they’re keeping up with local and global counterparts.
The first half of 2018 saw investment into fintech in the Asia-Pacific region soar to US$16.8 billion thanks to the US$14 billion funding round of Alibaba-affiliate Ant Financial.
Write comment (0 Comments)Follow all the action from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry's public hearings on superannuation as it happens.
Write comment (0 Comments)Treasurer Scott Morrison has outlined the government’s thoughts on the Productivity Commission’s final report into competition in the financial system, arguing for more innovation and new market entrants.
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