Mutuals

Anytime, anywhere banking improving mutuals’ performance

As we move towards a cashless society, customers demand faster and more convenient ways of banking.

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The unleashing of capital raising for mutuals another step for a more competitive financial services sector

The unleashing of a stronger cooperatives and mutuals sector through implementation of the Hammond Review recommendations “will provide Australian consumers with better choices and more cost effective options.”

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Mutuals perform strongly in testing environment

Australia’s credit unions, building societies and mutual banks (‘the mutuals’) performed strongly in an environment of low economic growth, interest rates and inflation in 2016. KPMG Australia’s Mutual Industry Review…

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mLabs: A mutual collaboration with startups

This month we launched the KPMG Mutual Fintech Acceleration Program (KPMG mLabs) bringing together seven Mutual ADIs and fourteen fintech startups in a market-first corporate industry sector innovation accelerator. To…

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The power of new ideas: exploring a competitive advantage for mutuals

In the rush towards technology mastery, what is becoming increasingly clear is that there will inevitably be corporate winners and losers.

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Mutuals: Time to take off

Increased capital and new technologies give Australia’s credit unions, building societies and mutual banks (the mutuals) a platform for growth.

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Mutual sector struggling for growth

Australia’s credit unions, building societies and mutual banks delivered a vastly different result to the major banks this year. Operating profit after tax for the mutuals fell by 1.5 percent…

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