Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
In the second of our latest posts using data from our SME surveys, we look at how and why firms borrow. Some firms will simply not use credit at all, and we find that on a segmented basis, there are significant variations. For example, almost all Cash-Strapped Sole Traders will be seeking credit, whilst only … Continue reading “SME’s Are In A Cash Flow Squeeze”
ASIC says Innovative fintech companies in Australia and Ontario, Canada will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market, under a new agreement. Under the agreement, signed in Toronto this week, the Australian Securities and Investments Commission (ASIC) and the Ontario … Continue reading “ASIC and Ontario Securities Commission sign agreement to support innovative businesses”
The Australian Payments Clearing Association (APCA) has released their annual review. APCA has 103 members including Australia’s leading financial institutions major retailers, payments system operators and other payments service providers. They say “this has been a landmark year for Australia’s digital economy. With accelerated adoption of electronic payment methods, fewer cash and cheque transactions and … Continue reading “Payments Evolving Fast In Australia”
New research from analysts Juniper Research, finds that over 2bn mobile users will have used their devices for banking purposes by the end of 2021, compared to 1.2bn this year globally. Growth in mobile banking is being driven by consumer adoption of banking apps the changing way consumers manage their finances. The new research, Retail … Continue reading “Mobile banking users to reach 2 billion by 2020”
Here is a joint statement on behalf of Bendigo and Adelaide Bank, the Commonwealth Bank of Australia, National Australia Bank, and Westpac regarding the current ACCC investigation relating to access to mobile payments via third party wallets. Australians should have the freedom to choose which mobile wallet they use for contactless payments, regardless of what … Continue reading “Banks Up The Ante On Access To Mobile Payment Wallets”
From The Conversation. Deutsche Bank is in the news for all the wrong reasons. Some speculators believe that it will be the 2008 Lehman Brothers collapse all over again. Shares in the bank were briefly driven down to single digits. They seem to have stabilised around €10 but this remains well below the €30 just … Continue reading “Why Deutsche Bank stock fell so far”
ASIC has warned firms and issuers involved in initial public offerings (IPOs) in Australia to ensure their marketing campaigns comply with the letter and spirit of the law, particularly when using emerging social-media strategies. An ASIC review of marketing practices in IPOs has found that so-called ‘traditional’ means of communication – telephone calls, emails and … Continue reading “ASIC reports on review of marketing practices in IPOs”
As we continue our journey into the depths of home loan segmentation analysis, using LTV, DSR and LTI ratios, we begin to see some insightful patterns emerging. Today we delve into our deep segmentation models. We start by looking across the states and have sorted the results by DSR (Debt Servicing Ratio), as this is … Continue reading “Home Loan Insights From Deep Segmentation”
NAB says customers will have more control over how, when and where they use their cards, thanks to NAB’s new Mobile Banking App to be launched later this year. The new App will include world-leading card transaction controls, making it easier for customers to conveniently and instantly self-manage their personal Visa debit and credit cards … Continue reading “NAB Announces New Mobile Banking App”
According to Computerworld, Financial institutions that fail to make their APIs openly available are “doomed”, says Visa’s ANZ head of product Rob Walls. “Anyone that stands still in the current environment of technology change is doomed. We have to continue to evolve – because consumers are expecting it,” he said. In February, the payments giant … Continue reading “Visa to banks: Open APIs or be doomed”