A big lesson from a turbulent month in global banking is that digital banking and social media have introduced new risks to the industry.
Buy now,pay later (BNPL) companies say they will consider improving access to hardship support schemes and be clearer about how they can assist vulnerable consumers.
Jack Ma has resurfaced in China after several years out of the public view following a very public spat with Beijing. His return has coincided with the carving up of the company that made him one of the world’s richest people.
Fintechs may be falling out of fashion,but Afterpay’s owner says it has “unique” advantages when it comes to taking on banks.
The RBA and commercial banks are testing how a new form of digital money could be used to solve real problems such as completing onerous GST paperwork.
Banks are pouring money into developing digital home loans. Are they good value for customers?
Westpac is preparing to steal a march on the small business-focussed NAB with new technology,as the battle between the big banks continues.
Buy now,pay later operator Zip’s move to cut ties in a range of international markets is a stark reversal of its plans two years ago to become a global business.
Afterpay has opened the door to conducting credit checks on some customers as it prepares for regulation of buy now pay later products.
Fintechs say the take-up of a data regime called open banking has been underwhelming. But they maintain it can shake up the industry,eventually.
Zip Co co-founder Peter Gray has talked up the fintech’s resilience,even as the market worries about how quickly the embattled fintech is burning through cash.