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  • Open data demands a double-edged sword for fintechs, ANZ says

    Calls for Australia’s biggest banks to open up access to customer data could prove a double-edged sword for the fintech industry and further entrench the dominance of the ‘Big Four’, says ANZ’s general manager of data, Darren Abbruzzese.

  • Setback for banks in Apple Pay fight

    The Australian Competition and Consumer Commission will not authorise a group of banks to band together for negotiations with Apple over the iPhone maker’s Apple Pay platform, states a draft decision issued today by the ACCC. A final decision is not expected until March next year.

  • Tech investment helps drive up Westpac costs

    Westpac registered a 3 per cent increase in costs for FY16 in line with the group’s revenue growth, with CEO, Brian Hartzer, telling a full year results briefing that the bank’s investment spend would help put it in good stead for future returns.

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