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Industry at a Glance 20-Jan-15

20 January 2015

Australian News

Entrenched power of the banks challenged
Source: The Age Business Headlines
Date Published: 14/01/2015

Peer-to-peer lenders have posted spectacular growth overseas. How big a threat are they to local banks?

NAB signs deal with India's biggest bank
Source: The Sydney Morning Herald News Headlines
Date Published: 15/01/2015

National Australia Bank is seeking to lift its exposure to the fast-growing Indian economy, as the government pushes for financial services to be part of any free trade agreement.

Westpac lifts business customer rating 
Source: The Sydney Morning Herald National Headlines
Date Published: 19/01/2015

Westpac had a higher business customer satisfaction rating that the Commonwealth Bank, ANZ or NAB at the end of 2014.

Westpac to stop services to OzForex
Source: The Sydney Morning Herald National Headlines
Date Published: 19/01/2015

OzForex will stop using services provided by Westpac by the end of March after the bank decided to exit the money service industry.

Current Issues

Peter Huljich, Graham Shaw join Pushpay board 
Source: New Zealand Herald - Business
Date Published: 13/01/2015

Graham Shaw and Peter Huljich have joined Pushpay Holdings' board as part of the NZAX-listed mobile payment app developer's plan to graduate to the NZX mainboard.Shaw's appointment meets listing rules for a minimum of two independent

Retail card spending shows slight rise 
Source: New Zealand Herald - Business
Date Published: 14/01/2015

New Zealanders increased their spending on debit and credit cards in December, with gains in apparel, consumables and hospitality offsetting a drop in spending on durables.The value of core retail sales on electronic cards, which

Warning as cyber-criminals target NZ charities
Source: New Zealand Herald - National News
Date Published: 16/01/2015

Cyber-criminals have targeted two New Zealand charities in automated attacks attempting to validate large numbers of stolen credit cards.Internet watchdog NetSafe this morning warned charities taking online donations to be alert

Payments get faster, with SMEs in lead 
Source: Stuff.co.nz - Business
Date Published: 19/01/2015

Kiwi businesses continue to get faster at paying bills, with small and medium businesses leading the pack, figures from credit reporting company Dun & Bradstreet show.

Member Banks 

NZ banks get ratings thumbs up from Fitch
Source: Dominion Post - Business
Date Published: 14/01/2015

New Zealand banks reaching record levels of profitability will enjoy more smooth sailing this year, according to global ratings agency Fitch.

BNZ 'inadvertently' rewrites history by omitting bailouts 
Source: The Marlborough Express - National Business
Date Published: 14/01/2015

Bank of New Zealand says it had no intention of airbrushing the past by leaving its two giant government bailouts from its official online history.

KiwiBank faces marginally lower funding costs on rating 
Source: Scoop NZ - Business
Date Published: 15/01/2015

Jan. 15 (BusinessDesk) - KiwiBank, the state-owned lender, is likely to face marginally lower funding costs as mortgage competition heats up, following an improved credit rating by international ratings agency Fitch Ratings.

Auckland's oldest bank survived against the odds 
Source: New Zealand Herald - Business
Date Published: 16/01/2015

Auckland's oldest bank nearly fell prey to the Government's economic plans in 1870, potentially curtailing the role it would play in the rise of Auckland commerce and community.Savings banks, by their very origins, have a heavy

Young people overly optimistic about finances
Source: Scoop NZ - Business
Date Published: 20/01/2015

A new survey of young New Zealanders by the Westpac-Massey Fin-Ed Centre shows that many believe their financial situation will improve in the coming year and their money management skills require no improvement.

Governance

NZ's Reserve Bank wins Central Bank of Year accolade
Source: NBR-Business
Date Published: 13/01/2015

Award "humbling", says Wheeler.

Heartland gets looser capital requirements 
Source: Scoop NZ - Business
Date Published: 14/01/2015

Jan. 14 (BusinessDesk) - Heartland New Zealand, the bank formed from the merger of Marac Finance with Southern Cross and Canterbury building societies, has been granted looser capital requirements by the Reserve Bank, but doesn't plan to ease back on

Aucklanders paying $1m per month in parking fees
Source: Stuff.co.nz - National
Date Published: 15/01/2015

Auckland motorists are paying almost $1 million a month in parking fines, with wardens handing out 1300 parking infringements a day.

General

Mission critical ICT in the era of digital and diverse platforms 
Source: CIO
Date Published: 20/01/2015

Deane Johns of the NZ Association of Credit Unions and Steve Thompson of Unisys talk about how emerging technologies can be applied to this new environment.

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