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Industry at a Glance 28-Oct-14

30 October 2014

Australian News

New Bitcoin exchange launches in Sydney
Source: The Age Business Headlines
Date Published: 21/10/2014

The hype around digital currency Bitcoins continues to defy the expectations of investment professionals as another Australian-based exchange opens today, promising to give investors faster trading access than ever before.

Australia 'paradise' for white-collar criminals
Source: The Sydney Morning Herald Business Headlines
Date Published: 21/10/2014

Australia is a “paradise” for white collar criminals because of its soft punishment of corporate offences, says chairman of the Australian Securities and Investments Commission chairman, Greg Medcraft.

Business customer sour on ANZ
Source: The Age National Headlines
Date Published: 22/10/2014

ANZ's standing among business customers has dropped steading over the past six months, according to a monthly survey.

RBA, banks work to change the way we pay
Source: The Age National Headlines
Date Published: 23/10/2014


The Reserve Bank says the banking industry is working to change the way Australians pay, to keep up with the rest of the world.

Cheques dying but not dead
Source: The Sydney Morning Herald National Headlines
Date Published: 23/10/2014


The use of cheques have fallen 80 per cent since the mid 1990s, but they are still around because many people and businesses still need them.

Lost your credit card? Just hit the lock button on the app
Source: The Sydney Morning Herald National Headlines
Date Published: 27/10/2014

In the latest move to reduce credit card fraud, Commonwealth Bank has granted millions of its customers the power to instantly lock and unlock credit cards via a new feature on its mobile app.

Big four's $29b profit machine
Source: The Age Business Headlines
Date Published: 27/10/2014

Barring any unforseen surprises, NAB, ANZ and Westpac will report combined cash earnings over the next week of around $20 billion.

Current Issues

Apple Pay could be a big deal for Android users
Source: CIO
Date Published: 21/10/2014

The launch of Apple Pay on Monday has brought considerable publicity to a technology that's already embedded in millions of Android smartphones yet has so far failed to take off.

Hackers targeting phones for bank info
Source: 3 News - Technology
Date Published: 23/10/2014

Hackers are increasingly targeting mobile phones to get into people's bank accounts.

Apple Pay's next move could be phone-to-phone payments
Source: CIO
Date Published: 24/10/2014


The launch this week of Apple Pay is giving many people their first taste of NFC payment technology, which allows them to buy things in a store by bringing an iPhone 6 close to a compatible terminal.

Member Banks

ANZ workers resume strike action
Source: New Zealand Herald - National News
Date Published: 24/10/2014

Workers at numerous ANZ branches around the country will resume strike action against the bank today at various times, including in nine branches around Auckland.This latest action follows a series industrial action, including a

ANZ gaffe sees profit unveiled early
Source: Stuff.co.nz - Business
Date Published: 28/10/2014

ANZ Bank across the Tasman has accidentally released detailed information to investors ahead of its full year profit results, in an embarrassing gaffe that forced the lender to halt trading in its shares.

Governance

RBNZ risk management to protect system, not individual firms
Source: Scoop Business » Article
Date Published: 23/10/2014

Article – Business Desk Oct. 23 (BusinessDesk) – The Reserve Bank's risk management processes aim to protect the integrity of the entire financial system rather than individual entities, which should be allowed to fail to avoid moral hazard and inefficiency, the regulator says. RBNZ risk management...

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