Bank of Australia stories
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.
Australia's wealth managers now face pressure to rebuild custody and distribution systems as tokenised assets move under the same law as other holdings.
Rising fuel and borrowing costs are squeezing Australian households and firms, bolstering expectations the Reserve Bank may lift rates again in September.
Rising listings and longer selling times are deepening the downturn, with vendor discounts widening as buyers retreat from Australia's housing market.
Data centre demand is keeping Australian builders busy and may prolong labour and materials shortages even as home approvals start to ease.
Criminals are using routine telecommunications checks to test stolen personal details before hitting banking and credit services, Truyu says.
Higher household spending and stubborn inflation have strengthened the case for the Reserve Bank of Australia to lift rates again in September.
The tie-up could help institutional investors cut settlement friction as the pair test tokenised assets and digital cash for superannuation operations.
Higher borrowing costs loom for Australian households after July's trimmed mean inflation reading came in well above the Reserve Bank's target path.
With cheques disappearing, Australian firms face delays and unclaimed funds when payout details are missing or outdated, Commonwealth Bank said.
The slight lift to 4.5% in July was mostly rounding, with labour demand still holding up enough to avoid signalling a broad slowdown.
Institutional clients in more than 100 countries can now trade an Australian dollar stablecoin as Macropod broadens AUDM beyond retail venues.
Higher costs and weaker consumer spending have pushed Australia's hospitality sector into its worst strain in years, with arrears at record highs.
Persistent inflation and weak household finances leave the Reserve Bank of Australia facing another possible rate rise before year-end.
Softer core inflation has given households and businesses a reprieve, but the RBA says housing and wage pressures still threaten progress.
Higher borrowing costs for households and businesses may be back by November as inflation risks remain tilted to the upside, CreditorWatch says.
Fintech leaders, regulators and investors will gather in Melbourne as the sector seeks clearer policy settings to unlock growth and funding.
Rising regulatory pressure could force banks, merchants and payment firms to tighten controls on AI and card costs as Australia reforms payments.
Recognition for more than 50 finalists highlighted women's growing influence in Asia-Pacific artificial intelligence as Grace Chung took the top prize.
Banks could use the new platform to automate routine tasks and speed decisions, but only within strict guardrails and audit trails.