Australia-New Zealand

Australia Post Calls on Banks to Pay More

Australia Post boss Christine Holgate wants the 209-year-old institution to play a bigger role in providing banking services, but says she needs more money from the banks to do so.

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Cryptocurrencies Are Just Like Gold, Says New Zealand

In January, Petrus Potgieter and I blogged about the similarities between bitcoin and gold. Specifically, we considered similarities between using gold and bitcoin as currencies used to settle transactions.

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Australia’s Regtech Sector Is Ready for Take-off

CBA’s money-laundering scandal set the wheels in motion, now 6 million funding for ASIC and start-up IPO plans show the engines are revving regtech as a hot new sector in Australia. Shutterstock.com The local regtech scene is ready for take-off. There were two indications last week that regulatory technology’s engines are revving up.

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New Zealand Banks’ Conduct Is ‘Patchy’ – Regulator

The Financial Markets Authority has found the conduct and culture of New Zealand’s banks to be ‘patchy’. The FMA and the Reserve Bank are currently reviewing New Zealand banks’ behaviour against the backdrop of the inquiry into the Australian banking sector which revealed unethical and illegal behaviour.

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As Digital Momentum Grows, CBA Remains Wedded to the Branch 

Commonwealth Bank of Australia has re-affirmed its commitment to its 1000-strong branch network and call centre operations, despite figures showing almost 60% of all transactions at the bank are now conducted digitally,While more than 6.

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CBA Backs NPP Open Access Regime, Belts Interchange Fee Ban

Commonwealth Bank of Australia chief executive Matt Comyn has welcomed a push to create a new open access regime for the New Payments Platform (NPP), but vigorously slapped down a bid to kill interchange fees on electronic payment cards.

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Credit Card Interchange: Australian Regulators Gone Wild?

From the market which brought cost accounting to credit card interchange, comes a credit card killer: do not reduce interchange, eliminate it. Here is the final report.

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Australia – Future Home of First Crypto Bank

Fred Schebesta, a known entrepreneur and a CEO of Finder.com has just announced the intention to open a first crypto bank, which is to be located in Australia.

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Strip Banks, Credit Cards of Digital Payment Powers, Says Productivity Commission Report

Australia’s biggest banks and global payments schemes must have self-regulatory powers covering digital payments and infrastructure access forcibly removed to dismantle a harmful oligopoly. That’s the radical call from the Productivity Commission’s inquiry report into Competition in the Australian Financial System.

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Satisfaction With New Zealand Banks Improves

New results from Roy Morgan show that customer satisfaction with banks in New Zealand in the 12 months to June 2018 was 79.2%, an increase from 76.8% in the 12 months to June 2017. The increase was a result of seven of the nine largest banks showing improved satisfaction, with Westpac the biggest improver up […]

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Bitcoin Most Spent Cryptocurrency in Australia’s Crypto-friendly Airport

Bitcoin Cash (BCH), the world’s functional cryptocurrency, is found to be the most spent cryptocurrency at the Brisbane International Airport, the world’s first airport to accept payments in cryptocurrency.

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Australian Government Invests in Crypto Startup for ‘Bitcoin Boost’ for Tourism

The government of Queensland, Australia’s second largest and third-most populous state, is backing a local crypto payments startup that officials believe will help boost tourism in the state. In an announcement on its official website on Wednesday, the Queensland government revealed details of an AUD8.

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