Financial Services

The New Payments Platform and Overlay Services – adding value in real-time

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.

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The next step in superannuation income must meet the evolving needs of retirees

The establishment of a Comprehensive Income for Retirement framework represent a good move for Australia and is an important step forward in focusing minds on how to fund retirement.

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Compulsory superannuation and retirement savings system; 25 years young and still growing

The Australian compulsory superannuation and retirement savings system is 25 years young, and as a sector it has a lot to be proud of. Much like our own lives, 25 is often a key inflection point, and the super sector is seeing significant change. With the launch of our new interactive superannuation dashboard, Paul Howes reflects on these changes.

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Adapting to a challenging environment: KPMG major Australian banks half year analysis

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.

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The great Australian dream. Can banks win the fight for home loan customers?

The great Australian home ownership dream is still alive, especially if you are a professional earning more than $70,000 a year.

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Hands off super, more tax cuts for small business – what the mid-market wants from #Budget2017

Tax cuts, that’s what all businesses want from Government – right? Well not just tax cuts

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Fintech Pulse 2017: capital off to a slow start, but VC and corporate activity still strong

Australia continues its emergence as a global fintech centre, according to KPMGs latest quarterly report on fintech investment.

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Is Super too daggy to engage with?

The superannuation industry has innovated. Complex product and sophisticated investment offerings, systems and platforms. But it’s arguable whether many super members would describe their super fund as innovative.

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Beware the algorithmic contagions lurking in our financial markets

The new breed of machine learning or artificial intelligence based algorithms behind everyday services are far more complex than any program we knew before

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The shifting sands of insurance: disruption strikes and innovation takes over

The $5 trillion global Insurance industry represents the greatest long-term opportunity for disruption in financial services.

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Is consolidation the cure-all for underperforming super funds?

Calls for consolidation of the number of funds in the superannuation sector have intensified with APRA and industry commentators putting underperforming funds on notice.

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Banking on the future: What is your bank doing to remain relevant?

It is no surprise, that in our third Banking on the Future report, for the 1,400 KPMG Gen Y professionals interviewed, a digital experience remains the most coveted bank attribute

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The art of loan loss provisioning is tough and just got rougher

Sending out official announcements just before Christmas can often result in limited pick-up. Particularly so when they concern the arcane subject of accounting standards.

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