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Australia's Bank of Queensland to buy ME Bank for AUD 1.33 bln

News | Online & Mobile Banking | 22 Feb 2021

Australia-based Bank of Queensland (BoQ) has announced it will buy ME Bank, a digital lender owned by 26 industry pension funds, for AUD 1.33 billion.

Bank of Queensland, ME Bank, digital lender, equity raise, Big Four, banking, boq, Australia

KPMG report finds that Australian fintech reached a peak

News | Payments General | 02 Mar 2020

KPMG has released a report stating that investment in Australian fintech has reached an all-time high of USD 1.91 billion.

KPMG, study, Australia, fintech, financial technology, New Zealand, investment, cybersecurity, Big Four

ACCC takes the pulse of Australian banks on mortgage pricing

News | Payments General | 15 Oct 2019

The Australian Competition and Consumer Commission has announced launching an inquiry into mortgage pricing.

ACCC, Australia, The Australian Competition and Consumer Commission, Open Banking, mortgage pricing, bank, Big Four, National Australia Bank, NAB, Commonwealth Bank, CommBank, Australia, New Zealand

Australias big four to be initial target for open banking

News | Payments General | 12 Sep 2018

The Australian Competition and Consumer Commission has proposed that Australia’s big four banks will first to adhere to the new open banking regime.

Australia, Big Four, The Australian Competition and Consumer Commission, ANZ, The Commonwealth Bank of Australia, NAB, Westpac, Open Banking, Consumer Data Right, Treasury Laws Amendment