Cash and checks in decline: Lowe
[ad_1] Cash now accounts for just a quarter of daily transactions, with consumers increasingly favoring electronic payments. This decline is due to the proliferation of touch-and-go systems. About 80 per cent of point-of-sale transactions are now click-and-go, which Governor Lowe…
Market pundits brace for August rate hold, diverge on RBA’s next steps
[ad_1] The Reserve Bank of Australia (RBA) is widely expected to keep the cash rate on hold in August; however, its next move becomes murky in the face of new global economic data. The RBA, which will announce its latest…
The digital economy will be our undoing
[ad_1] While our American cousins still marvel at the wonders of touch-and-go in the same way Homo erectus marveled at the wonders of fire, Australians confidently use the payment system for about 80 percent of point-of-sale transactions. Checks are set…
Heartbeat, unconditional: EBR’s big step toward FDA approval
[ad_1] EBR system (ASX:EBR) announced that the U.S. Food and Drug Administration (FDA) will conduct pre-approval inspections of its manufacturing facilities during the week beginning January 6, 2025. The test is part of the FDA’s review of EBR’s premarket approval…
AGL fined $25 million for Centrepay violation
[ad_1] AGL Energy (ASX:AGL) Four AGL subsidiaries were found to have violated the National Energy Retail Code and ordered by a federal court to pay $25 million in fines. The breach relates to Centrepay’s failure to notify and refund approximately…
Why the cloud is the future for banks
[ad_1] Our recently launched Culture of Innovation Index found that globally, 92 percent of corporate banks are either already making significant use of the cloud or plan to make additional investments in the coming year. Locally, banks are expected to…
ASX 200 boardroom gender balance in ‘clear view’, data shows
[ad_1] According to the Australian Council of Superannuation Investors (ACSI), the number of female directors at Australia’s largest companies has doubled since 2015, when less than 20 per cent of ASX 200 directors were women. The gender balance in these…
Bullock dampens hopes of year-end rate cut, says rate hike remains ‘serious consideration’
[ad_1] A short-term cut in cash rates “is not consistent with the board’s current thinking”, according to RBA governor Michelle Bullock, who clarified that risks remain in the economy and that the RBA board had in fact considered raising rates…
Data-savvy players to dominate banking: RBA
[ad_1] Speaking at a business forum at the 32nd Australasian Finance and Banking Conference in Sydney on Monday (16 December), Mr Kearns said there were several issues facing banks that could potentially lead to even bigger changes in the following…
Private credit is gaining momentum among sovereign funds
[ad_1] According to Invesco’s Global Government Asset Management Survey 2024sovereign wealth funds (SWFs) are increasingly paying attention to the new lending environment in which banks are ceding territory, opening a gap in the market for alternative lenders. The report, which…