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Industry at a Glance 16-Jun-14

27 June 2014

New Zealand Bankers' Association

 

 New Zealand ready for FATCA
Source: Scoop NZ - Business
Date Published: 19/06/2014

New Zealand is now ready to comply with US tax law that aims to reduce tax evasion by US persons who have financial accounts outside the United States said the New Zealand Bankers’ Association today.


Australian News

 

Woolworths in alliance with Visa
Source: The Age Business Headlines
Date Published: 17/06/2014

Woolworths has jumped on the supermarket bandwagon of showering its shoppers with a suite of financial services revolving around credit cards, announcing Visa as a new partner.

Start-ups primed to rattle big banks
Source: The Age Business Headlines
Date Published: 18/06/2014

Big banks beware. Your "insane" profits - estimated at $29 billion this year - are in the sights of some of Australia's most ambitious technology entrepreneurs.

Banks rake in $12b in fees
Source: The Age National Headlines
Date Published: 19/06/2014

Australia's banks raked in almost $12 billion from fees this financial year, central bank figures show.

The end of Australia's big four?
Source: The Sydney Morning Herald News Headlines
Date Published: 20/06/2014

WikiLeaks reveals Abbott's negotiations aimed at deregulating the banking and finance sector.


Current Issues

 

Kiwis urged to take cybersecurity seriously
Source: The Press - Technology
Date Published: 16/06/2014

Consumers face a fresh harangue from the Government to take cybersecurity more seriously.

Bank's theft advice: Don't tell police
Source: Stuff.co.nz - Stuff
Date Published: 17/06/2014

Police are concerned that a victim of an elaborate method of theft of credit card details has been advised by a local bank not to tell police.

New powerful banking malware called Dyreza emerges
Source: CIO
Date Published: 17/06/2014

Security researchers said they've spotted a new type of banking malware that rivals the capabilities of the infamous Zeus malware.

ASB taps into smartwatches
Source: Stuff.co.nz - Business
Date Published: 20/06/2014

Wearable technology is being touted as the the next hot thing in mobile banking, with ASB the latest bank to offer a limited service for smartwatches.


Member Banks

 

New toolkit launched to help SMEs protect their business
Source: Scoop NZ - Business
Date Published: 18/06/2014

The Government has today launched the ‘Connect Smart for Business: SME Toolkit’, a free resource aimed at helping small and medium sized enterprises take basic steps to protect their business and customers online across all devices.

Bank customers hanging on the line
Source: Stuff.co.nz - Industries
Date Published: 18/06/2014

Banks are beefing up their call centre services as one of the few touchpoints they have to set themselves apart to customers. 


Governance

 

New director on Reserve Bank board
Source: The Timaru Herald - Business
Date Published: 19/06/2014

Waikato company director Tania Simpson has been appointed to the board of the Reserve Bank, replacing retiring director Sue Sheldon.


General

 

Pushpay to raise $9 million ahead of NZAX listing
Source: TVNZ - Business Headlines
Date Published: 16/06/2014

The Auckland-based company will raise the new equity issuing shares at $1 each.

Bitcoin faces biggest threat yet: a miner takeover
Source: New Zealand Herald - World News
Date Published: 17/06/2014

NEW YORK (AP) The Bitcoin digital currency system is in danger of losing its credibility as an independent payment system because of the growing power of a group that runs some of the computers behind it.In recent weeks, a British-based

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