Tagged: australia

July 7, 2024 @ 4:55 pm By Omar Faridi  |  

Productivity growth goes in cycles and Australia is currently within the normal bounds of a low productivity growth period, rather than a “crisis” as commonly characterized, according to a research report from KPMG. However, there would be cause for concern if this downturn continues to… Read More

June 28, 2024 @ 10:26 pm By Omar Faridi  |  

With the end of financial year (EOFY) around the corner, new research from digital bank, ubank, revealed what’s on the minds of Gen Z and Millennials when it comes to tax time. According to ubank’s research, which “surveyed 1,311 adults between the ages of 18… Read More

June 28, 2024 @ 9:39 pm By Omar Faridi  |  

Global payments and financial platform for modern businesses, Airwallex, has continued on its growth trajectory, delivering a 93 percent increase in year-on-year (YoY) revenue across Australia and New Zealand (ANZ). Airwallex also reports that it recorded strong global revenue growth, “up 84 percent YoY, while… Read More

June 19, 2024 @ 11:11 pm By JD Alois  |  

The VanEck Bitcoin ETF (ASX:VBTC) traded on the Australian Stock Exchange (ASX) today, following the lead of the US. VanEck said the exchange-traded fund was the first and most cost-effective Bitcoin ETF on ASX. Other sponsors are expected to enter the Australian market with a… Read More

June 18, 2024 @ 11:07 pm By Omar Faridi  |  

Ubank has announced a new bonus interest rate for savers. This update from Ubank comes as new Gen Z and Millennial research reveals “the rising cost of living is making it increasingly difficult to manage their finances yet they remain optimistic about their savings and… Read More

June 18, 2024 @ 5:27 pm By Omar Faridi  |  

The latest KPMG Australia Retail Health Index (RHI) indicates the road to recovery for Australia’s embattled retail sector has stalled, with positive health not forecast until September 2025. Between the December quarter 2023 and the March quarter 2024 the KPMG RHI had “a rise of… Read More

June 12, 2024 @ 10:43 pm By Omar Faridi  |  

Xero, the global small business platform, has released research highlighting how Australian small businesses think and feel about the end of financial year (EOFY). The survey of more than 1000 small business owners and decision makers “revealed 71% consider this time of year stressful, and… Read More

June 10, 2024 @ 11:23 pm By Omar Faridi  |  

The Government in Australia reportedly introduced new consumer protection legislation for Buy Now Pay Later (BNPL) that will see BNPL operators “regulated as consumer credit.” Most BNPL products are “not currently covered by the National Consumer Credit Act (Credit Act) meaning these providers are not… Read More

June 7, 2024 @ 9:59 am By JD Alois  |  

Venues Across Sydney: Day 1: ACS, Level 27, Tower 1, International Towers, 100 Barangaroo Ave, Sydney Day 2: EY, Level 35, 200 George Street, Sydney Day 3: Parliament House, 6 Macquarie St, Sydney NSW 2000 Event Highlights: Government Address: Dr. Andrew Charlton MP Industry Insights:… Read More

June 4, 2024 @ 9:49 pm By Omar Faridi  |  

Research from Commonwealth Bank of Australia (CBA), conducted in partnership with YouGov, reveals 59 per cent of SMEs have invested or plan “to invest in AI in the next five years (25 per cent and 34 per cent respectively), with younger business leaders owners more… Read More

June 2, 2024 @ 8:00 pm By Omar Faridi  |  

Westpac claims that it has helped customers earn $21 million in interest through savings prompts. To provide greater transparency around savings interest rates, Westpac says that it “has introduced mobile phone push notifications which alert customers about how they can earn bonus interest on their… Read More

May 26, 2024 @ 7:18 pm By Omar Faridi  |  

Younger Australians in their mid-to-late-twenties have pulled back on spending more than any other age group, while those over 65 continue to spend above the rate of inflation, according to the latest CommBank iQ Cost of Living Insights Report. Those aged 25-29 have reduced “spending… Read More

May 21, 2024 @ 7:08 pm By Omar Faridi  |  

Commonwealth Bank is urging small businesses to be extra vigilant this tax season, as scammers use sophisticated tactics to rob hardworking Australians of their tax returns. With the end of financial year approaching, scammers and cybercriminals “generally ramp up their tax scam activity, using phishing… Read More

May 19, 2024 @ 10:11 am By Omar Faridi  |  

FloQast announced a consulting relationship with PwC Australia, a global consulting firm. The alliance combines FloQast’s advanced Finance and Accounting Operations Platform with PwC Australia’s deep industry expertise “to transform key accounting and finance operations, including the financial Close, compliance management, and internal controls.” Today’s… Read More

May 17, 2024 @ 7:17 pm By Omar Faridi  |  

ANZ has announced ANZ Plus Add-Ons, enabling customers to customise their banking experience with a mix of smart money management tools from the bank, and integrated experiences from third-party partners. ANZ Plus Add-Ons include “the new Money Map and Money In & Out. Money Map… Read More

May 7, 2024 @ 7:46 pm By JD Alois  |  

Fintech Banked and National Australia Bank (NAB) are partnering on a payments solution. The collaboration follows NAB’s VC arm’s participation in Banked’s Series A funding round, which saw NAB contribute $15 million to the firm. The partnership will enable Australian merchants to integrate account-to-account (A2A)… Read More

May 6, 2024 @ 7:11 pm By Omar Faridi  |  

Poor investment governance could cost asset owners, and in turn their customers, significant sums – in the case of a super fund member as much as $500,000 over their working lives, a new report by KPMG Australia and Frontier Advisors finds. A survey of institutional… Read More

April 30, 2024 @ 6:36 pm By Omar Faridi  |  

The majority of Australia’s mid-market businesses are still feeling cautiously optimistic, the annual KPMG Enterprise pre-Budget survey finds. But nearly a quarter say business growth is “being significantly impacted by the cost of living, while cost and margin pressures are the top concern of mid-market… Read More

April 30, 2024 @ 11:40 am By JD Alois  |  

Earlier this month, Equitise, a securities crowdfunding platform operating in New Zealand and Australia, received an “infringement notice” from the New Zealand Financial Markets Authority (FMA). According to the FMA, Equitise had failed to file its financial statements prior to the deadline, among other concerns about… Read More

April 26, 2024 @ 5:18 pm By Michael Wong  |  

Thailand and Australia have entered into a new phase of financial collaboration with the signing of a memorandum of understanding (MoU) on financial technology (fintech) cooperation. The agreement, aimed at bolstering the local fintech industries of both nations, was formalized this week between the Thai… Read More