#Anz
The AI roadmap ANZ mid-market teams need but don’t have
Australia and New Zealand's mid-market brands are ahead on AI adoption. But enthusiasm isn't translating to ROI. Intuit Mailchimp explains why intent matters more than installation.
More contracts, less commitment: ANZ firms favour flexible hiring
New JobAdder data unveils cautious employer sentiment in the ANZ job market amid a surge in temporary and contract hires.
Several banks face action from ASIC over add-on insurances that have “failed customers”
The financial regulator is threatening action against lenders including the major banks over the sale of add-on loan and credit card insurance (CCI) that “has consistently failed consumers”. An Australian Securities and Investments Commission (ASIC) report released today found that consumer credit insurance represented extremely poor value for money and was regularly mis-sold. ASIC’s report […]
ANZ only big bank to fully pass on RBA cut
ANZ has again become the only big four bank to reduce variable mortgage rates in full following the Reserve Bank’s cash rate cut, while rivals CBA, NAB and Westpac will be passing on only part of the amount this time. ANZ was widely criticised last month when it passed on just 0.18 percentage points of […]
Consumer confidence edges up: ANZ
Consumer confidence edged up marginally over the weekend as respondents felt optimistic about their finances despite gloom about the economy at large. The ANZ-Roy Morgan Australian Consumer Confidence index gained 0.1 per cent from the previous week, with respondents’ perception of the country’s current economic conditions – including the outlook for the next 12 months […]
ANZ’s NZ CEO departs after expenses review
ANZ’s NZ chief executive has left the bank after an internal review raised concern among board members over his personal expenses. ANZ on Monday said David Hisco had accepted that “characterisation of the expenses falls short of the standards required” and had been replaced as ANZ NZ CEO on an interim basis by Antonia Watson. […]
Confidence slips after RBA holds rate: ANZ
Consumer confidence fell last week as Australians’ perception of the economy at large took a sharp negative turn following the central bank’s decision not to cut the cash rate, ANZ analysts say. The ANZ-Roy Morgan Australian Consumer Confidence index slid by 2.1 per cent from the previous week, with the “time to buy a household […]
Partnerships driving the local fintech sector
Financial technology startups are growing in Australia, from less than 100 in 2014 to approximately 579 companies today. Many financial businesses see this as a direct threat, but if our country is to have any hope of building a world-class financial services technology industry, the future lies not in competition, but in collaboration. We are […]
New interchange fee regs: is your business credit card still rewarding your spending?
There has been a lot of talk about changes to credit card rewards programs in 2017. You might even have received a notification from your bank recently about how your rewards program is about to change. This is because of new interchange fee regulations that rolled out from 1 July 2017. In 2016, the Reserve […]
Sipping on success: KeepCup’s co-founder talks spreading her ‘Reuse Revolution’ worldwide
Seven years ago, siblings Abigail and Jamie Forsyth founded KeepCup. They envisioned it as a business and a line of eco-friendly coffee cups in service of a campaign for behavioural change: ‘from discard to reuse’. Today, more than five million consumers worldwide have joined their ‘Reuse Revolution’. Abigail, the company’s managing director, spoke to Dynamic Business about the […]
Overseas economic woes cause drop in Australian consumer confidence
Most of the upswing in consumer confidence that came as a result of the Government’s Budget has been reversed this week, according to the latest ANZ-Roy Morgan Consumer Confidence findings.
Budget release boosts Consumer Confidence
The last fortnight has seen a 5.4 per cent cumulative rise, with the Government’s Budget and the RBA rate cut seen in May being cited as key factors behind the boost.
Job ads show labour market stabilising
The labour market has picked up according to the ANZ’s measurement of job ads, with the number of advertisements up 7.5 per cent over the last 12 months.
Pointless workplace meetings a productivity drain
A new study has found the number of workplace meetings is rapidly on the rise, taking up increasing amounts of time, reducing productivity and largely seen by employees to provide valueless outcomes.
Early indications show job decline easing
In 2013 the overall number of job advertisements declined by 9 per cent, suggesting that employers are hesitating to take on new staff.
What can the big four offer your business?
All the big banks say they’re the best for small business, but they also all want a piece of this large part of the market. To cut through the confusion, here’s an in-depth look at what each bank claims to have to offer SMBs.
Rate cuts make no difference to business bank satisfaction
Businesses are no more satisfied with the major banks now than they were in October, despite two interest rate cuts in November and December.
Sydney banks voted better than Melbourne’s
New financial research has shown Australians are more satisfied with Sydney-based banks than Melbourne-based ones.
Westpac and CBA scoring well with micro businesses
The major banks are becoming increasingly different in their approaches to the business banking market, according to recent customer satisfaction results.
Bank satisfaction slides
Business customers have showed the highest level of dissatisfaction with their banks since the end of last year, with NAB and ANZ customers reporting they’re least happy with their banks.
Is your bank a stakeholder or the enemy?
With insolvencies continuing to rise, SME owners and directors need to ask themselves if they’re being proactive in managing their banking relationship, both in good times and in bad.
Government enacts changes to ease burden of bank switching
The Government announced reforms designed to make it easier for people to switch banks overnight, with a Treasury-led working party to ensure the changes are enacted by July 1 2012.
Sliding demand noted for business banking products
Demand for business banking products has dropped significantly over the past four months, with commercial banks including the Big Four local providers as well as regional and international banks all reporting a downturn in demand.
SMBs treated as second-class customers by local banks
In comparison to personal customers, small businesses are being treated as second-class customers by Australian banking providers, leading Mozo.com.au to launch a comprehensive business banking comparison service to help small business owners compare their options.