Financial services

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ASIC Chairman Greg Medcraft and Commissioner Cathie Armour during a Senate Estimates hearing at Parliament House. Medcraft told the hearing ASIC must be a ‘model litigant’. Mick Tsikas/AAP

ASIC v ANZ rate-rigging case will be one of epic proportions

ASIC has a high success rate, but its high-profile civil action against ANZ Bank will be a tough battle to win.
Pending business for a new treasurer is a government response to the Financial System Inquiry led by David Murray. AAP/Sam Mooy

The unfinished business facing Australia’s new treasurer

A bulging in-tray of reviews awaiting response awaits Malcolm Turnbull's choice of treasurer in his new cabinet.
PayPal is far more dominant in online payments in the US than Australia where traditional players have defended the market. Geoff Livingston/Flickr

Fintech might be hot right now, but banks are still winning

Venture capital money is starting to flow into Australian fintech, but success will largely be based on whether new players can innovate in areas where bank's aren't.
Australia can expect expansion in sectors such as tourism, the health and financial services sectors, banking and securities. AAP Image/Joel Carrett

As the mining boom wanes, Australia pivots to services

Mining, along with agriculture, will continue to be key parts of the Australian economy -- but new growth is expected in the services sector.
Technology is changing finance in ways Jefferson would never have imagined. Marie Shearin Images/Shutterstock

A wave of financial tech firms is shaking up the world of banking

Digital technology and pervasive access to the internet have reshaped many industries, and banking is no exception: Hampden and Co is the latest in a short but growing list of digital-only banks built…

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