Australia

Chart of the Week: Mortgage slowdown to hit Australian bank loans in 2019

Housing loans constitute over 60% of their overall banking credit.

Chart of the Week: Mortgage slowdown to hit Australian bank loans in 2019

Housing loans constitute over 60% of their overall banking credit.

Appian's low-code platform promise efficiency breakthroughs for APAC banks

Fresh from its success in helping Australia-based Bendigo Bank transform into a more customer-focused operation, Appian is looking to bring its low-code platform to more banks in Asia Pacific who need to deliver enterprise applications in a quicker, more efficient manner.

Australian banks shed $13b in assets in downsizing spree

CBA sold its asset management business for $2.9b.

Sibos 2018: China and Australia put APAC on the map in global fintech league

Three of the top five in KPMG's Fintech100 were nabbed by Chinese firms.

Sibos 2018: APAC fuels global payments boom with $900b in 2017 revenue

Strong balance growth in China is cementing the region's dominance.

P2P lenders take advantage of Australia's weakened big banks

Growing customer dissatisfaction could act as a springboard for their debut.

ANZ positions for growth in Asia after massive downsizing

It will now focus fully on institutional banking.

Time to go back to basics for the Australian banking industry

Stirring beneath the Banking Royal Commission and amplified by the recent interest rate hikes is a sense of agitation amongst the Australian public that things can be better when it comes to banking in Australia.

Australia's NAB cuts executive salaries amidst probe

Total rewards for chief executive were cut by 11%.

Australia's big banks move to preserve profitability in mortgage rate hike

It proves they remain able to retain pricing power despite intense scrutiny.

Australia's Westpac fined $25m for flawed mortgage approval system

There were miscalculations in the bank’s automated loan approval system.

Australian challenger bank Tyro ties up with Alipay

The move aims to tap into the Chinese visitor market.

Westpac joins mortgage hike trend

It has become the first big Australian lender to raise its rates.

Westpac appoints Craig Bright as chief information officer

He previously served as chief technology officer of Citigroup's global consumer bank unit.

Could Australia's sharp housing downturn be a blessing in disguise for embattled banks?

Much has been said about slower credit growth but banks could also look forward to improving asset quality.