New payments platform paves the way for open banking

Australia’s new high-speed payment system will allow consumers to more easily cancel direct debits, like gym memberships or Netflix subscriptions, in one of multiple new services soon to be available.

Aussies feel the pinch before payday

New research from Xero has revealed one in three workers have less than $100 in their bank account in the days leading up to payday.

How will consumers react to open banking?

Open banking is set to be fully introduced in Australia from February and experts say it will transform the financial sector as we know it.

NAB finds consumer anxiety on the rise

People’s concern about their future spending and savings rose over the September quarter, according to NAB, but still remains below average.

UBank cuts savings rate by 31 basis points

Popular online bank UBank has slashed the interest rate on its savings account products by 31 basis points – more than the official cash rate cut.