Bank of Australia stories
Australia's banks are steadily increasing their use of artificial intelligence, but regulation and data security fears are tempering adoption.
Digital wallets are gaining ground in Australia, but cash is still expected to account for 9% of point-of-sale value by 2030.
The move signals a deeper push into Australia and New Zealand as Anthropic courts enterprise and government customers from a Sydney base.
Australia risks missing billions in economic gains unless more girls choose technology and engineering at school, experts warn.
As SMEs demand faster lending and integrated tools, banks risk losing ground unless they cut red tape and modernise their platforms.
Weak lending to software and other asset-light firms is, Colter Bay says, dragging on productivity as Australia's credit flows into property.
Australian businesses face tighter cash flow as overdue invoices jump to a six-year high, reinforcing expectations the RBA will hold rates at 4.35%.
The trial could make everyday banking decisions clearer for millions of app users, while keeping human oversight and fraud controls in place.
Businesses face pressure to speed up AI rollouts as OpenAI chief Sam Altman says enterprise adoption remains very early.
SMSF trustees hunting income are being offered higher target returns as TermPlus taps stronger demand for fixed-term private credit accounts.
Australia's financial regulator sees artificial intelligence and easier rules helping startups turn a strong funding base into faster growth.
Cash-flow strain is deepening as overdue invoices and tax debts rise, with smaller firms hardest hit by higher rates and costs.
Settlement could become faster and cheaper for wholesale markets, but regulators say tokenised finance still needs new rules and infrastructure.
The appointment underscores the lender's push to scale responsible AI as banks race to recruit academic talent and manage security and governance risks.
Relief for the Reserve Bank comes as the federal budget avoids fresh cost-of-living handouts, while tightening tax breaks for higher earners.
Rising fuel and energy bills are squeezing margins and leaving Australian firms facing weaker trading conditions ahead.
Higher fuel and borrowing costs are starting to squeeze builders, with insolvencies likely to rise if Strait of Hormuz disruptions persist.
Momentum stayed firm for Australian small businesses in the March quarter, as sales, jobs and wages all rose despite higher fuel costs.
Fuel costs have pushed headline prices higher again, leaving the Reserve Bank of Australia under pressure to raise interest rates despite softer underlying inflation.
The bank’s defences may move faster as the system is meant to spot new scam patterns and turn them into blocking rules more quickly.