Australian Banking Association

Financial institutions, including banks, could pool their resources to ensure cash access is maintained, Reserve Bank governor Michele Bullock has said. Speaking at a payments summit on Tuesday morning, Ms Bullock said the central bank was…

Australia’s banks have unveiled a new weapon to help them stop money being sent to scammers in “near real-time”.The Australian Banking Association announced the new Fraud Reporting Exchange (FRX) platform on Tuesday, which will allow…

Savers have experienced tough times in recent years with their money barely gaining a return, and since interest rates have been hiked 10 consecutive times, banks have been heavily criticised for failing to pass on increases with the…

A whopping 2370 Aussies are refinancing their mortgage every working day as interest rates have seen homeowners hit with 10 painful consecutive hikes.In a battle to tackle the rising cost of inflation, interest rates have risen from a…

Whenever interest rates went up in the past, I used to get told it wasn’t all bad news. At least it was good for some people: savers – people with money in the bank.I hear a lot less of that these days.If you’ve got money in the bank,…