Industry

New research has shown 54 per cent of IT professionals believe artificial intelligence will eliminate finance jobs over the next decade, stating that most businesses are woefully unprepared.

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The peak Australian and Swiss fintech industry bodies have signed an agreement to help drive increased collaboration as well as knowledge sharing between the two markets.

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Raiz has taken the Commonwealth Bank to task over its X15 Venture, saying that open banking laws will give the bank’s new array of start-ups an unfair edge.

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CBA has unveiled X15 Ventures, a new technology-building entity, setting its sights on launching at least 25 businesses in the next five years.

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Regulatory hurdles and anti-competitive conduct from the major banks have been cited as commonly faced issues for newcomers in their quest to enter the Australian banking landscape.

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