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Bank of Australia stories

Australian banks cut business card rewards & perks
Westpac

Australian banks cut business card rewards & perks

Businesses using credit cards are losing insurance, longer grace periods and reward value as major lenders trim perks amid card reforms.

By Karen Joy Bacudo • 5 min read • Last week
Australia innovation activity hits record high in 2023-24
Digital Transformation

Australia innovation activity hits record high in 2023-24

Business innovation has stalled in the latest two years, even as a new index puts Australia at a record high in 2023-24.

By Karen Joy Bacudo • 4 min read • This month
Australia to ban card payment surcharges from October
Fintech

Australia to ban card payment surcharges from October

Shoppers will soon see a simpler checkout, as businesses across Australia must stop adding fees to eftpos, Mastercard and Visa card payments from 1 October.

By Sean Mitchell • 4 min read • This month
Tokenisation is an infrastructure decision
Fintech

Tokenisation is an infrastructure decision

Australia's wealth managers now face pressure to rebuild custody and distribution systems as tokenised assets move under the same law as other holdings.

By Dan Sleep • 5 min read • This month
RBA may hike again as business & consumer strain grows
Inflation

RBA may hike again as business & consumer strain grows

Rising fuel and borrowing costs are squeezing Australian households and firms, bolstering expectations the Reserve Bank may lift rates again in September.

By Karen Joy Bacudo • 4 min read • This month
Australia housing values weaken as industrial property holds
Inflation

Australia housing values weaken as industrial property holds

Rising listings and longer selling times are deepening the downturn, with vendor discounts widening as buyers retreat from Australia's housing market.

By Sofiah Nichole Salivio • 6 min read • This month
Data centre boom lifts Australian non-residential approvals
Data centers

Data centre boom lifts Australian non-residential approvals

Data centre demand is keeping Australian builders busy and may prolong labour and materials shortages even as home approvals start to ease.

By Sean Mitchell • 4 min read • This month
Truyu warns of telco checks in identity fraud test
Cybersecurity

Truyu warns of telco checks in identity fraud test

Criminals are using routine telecommunications checks to test stolen personal details before hitting banking and credit services, Truyu says.

By Joseph Gabriel Lagonsin • 4 min read • Last month
Australian spending rise bolsters case for RBA hike
Artificial Intelligence

Australian spending rise bolsters case for RBA hike

Higher household spending and stubborn inflation have strengthened the case for the Reserve Bank of Australia to lift rates again in September.

By Mark Tarre • 4 min read • Last month
Northern Trust & CSC expand digital assets partnership
Fintech

Northern Trust & CSC expand digital assets partnership

The tie-up could help institutional investors cut settlement friction as the pair test tokenised assets and digital cash for superannuation operations.

By Karen Joy Bacudo • 3 min read • Last month
RBA faces September rate hike after inflation spikes
Artificial Intelligence

RBA faces September rate hike after inflation spikes

Higher borrowing costs loom for Australian households after July's trimmed mean inflation reading came in well above the Reserve Bank's target path.

By Karen Joy Bacudo • 4 min read • Last month
Commonwealth Bank launches PaidIt for complex payouts
Software-as-a-Service

Commonwealth Bank launches PaidIt for complex payouts

With cheques disappearing, Australian firms face delays and unclaimed funds when payout details are missing or outdated, Commonwealth Bank said.

By Karen Joy Bacudo • 4 min read • Last month
Australia jobless rise does not signal labour weakening
Artificial Intelligence

Australia jobless rise does not signal labour weakening

The slight lift to 4.5% in July was mostly rounding, with labour demand still holding up enough to avoid signalling a broad slowdown.

By Karen Joy Bacudo • 4 min read • Last month
Macropod's AUDM lands on LMAX for institutional use
Fintech

Macropod's AUDM lands on LMAX for institutional use

Institutional clients in more than 100 countries can now trade an Australian dollar stablecoin as Macropod broadens AUDM beyond retail venues.

By Karen Joy Bacudo • 4 min read • Last month
One in eight Australian cafés shut as pressures mount
Small Business

One in eight Australian cafés shut as pressures mount

Higher costs and weaker consumer spending have pushed Australia's hospitality sector into its worst strain in years, with arrears at record highs.

By Mark Tarre • 4 min read • Last month
Australia rates rise likely this year, economist says
Westpac

Australia rates rise likely this year, economist says

Persistent inflation and weak household finances leave the Reserve Bank of Australia facing another possible rate rise before year-end.

By Mark Tarre • 4 min read • Last month

Global Stories

Bank of Australia stories

Grace Chung named grand winner in Women in AI awards
Robotics

Grace Chung named grand winner in Women in AI awards

Recognition for more than 50 finalists highlighted women's growing influence in Asia-Pacific artificial intelligence as Grace Chung took the top prize.

By Sean Mitchell • 4 min read • This month
Mambu launches Intelligent Core for agentic banking AI
Software-as-a-Service

Mambu launches Intelligent Core for agentic banking AI

Banks could use the new platform to automate routine tasks and speed decisions, but only within strict guardrails and audit trails.

By Joseph Gabriel Lagonsin • 4 min read • This month