The normally sedate world of accounting is currently undergoing its biggest shake-up since Australia joined the International Financial Reporting Standards (IFRS) regime back in 2005.
The NPP (New Payments Platform) is set to revolutionise the Australian payments industry.
Research can no longer be distributed without explicit payment and corporate access, when “provided” by a third party must be clearly and commercially priced and cannot be charged to the to the underlying investor.
As we move towards a cashless society, customers demand faster and more convenient ways of banking.
How will fintech, one of the fastest-growing sectors in the global financial services industry, fit in and alter the Australian landscape?
Australia’s banking industry will be increasingly shaped by customer demands, and the need to meet the heightened expectations of customers.
The Australian major banks (‘the majors’) continue to adapt to tougher market conditions, reporting a modest increase in aggregate profits for the 2017 full year.
It seems clear that superannuation funds are now entering a new era of regulatory oversight with transparency strongly in their sight.
At its heart, the NPP provides a way to make real time payments in a secure and reliable manner. But its real value lies in ‘Overlay Services’ which businesses can use to deliver a better customer experience.
KPMG finds the Australian major banks (‘the majors’) continue to perform well and adapt their businesses, reporting an increase in aggregate profits for the first half of 2017.