On one hand, the government has just waved through one of the biggest banking mergers of the last 20 years. On the other, they’ve been waving the big stick at Australia’s supermarket oligopoly.
There are steps all users can take to make banking apps as secure as possible.
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Martien Lubberink, Te Herenga Waka — Victoria University of Wellington
The Commerce Commission says New Zealand’s banking sector is uncompetitive. But in the rush to fix the problem, regulators need to ensure they don’t introduce risk and instability into the system.
Insurance is supposed to be a safety net, but it can be weaponised in domestic and family violence situations. There’s a lot we can do to better protect victim-survivors.
Peter Martin, Crawford School of Public Policy, Australian National University
We really are being charged more than we used to be. If the government is concerned about price gouging, it could try this bold idea: offering its own low-cost bank loans.
Deepfake scams are on the rise – but can their victims claim compensation? The legal landscape is still developing.
In 2015, BNP Paribas was required to forfeit t $8.83 billion and pay a $140 million fine after failing to comply with sanctions against Sudan, Cuba and Iran.
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The interest your bank pays you is a reward for letting it use your money.
Making mistakes with spreadsheets can not only cause us personal frustration but can also lead to some very serious consequences.
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The outcomes of increased financial inclusion in Ghana have been mixed
The government, banks and other financial organisations are now dealing with fraud by using increasingly sophisticated detection methods.
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Jane Horan, University of Auckland, Waipapa Taumata Rau
People from NZ charities and not-for-profits told me volunteers and paid staff can spend months on basic banking processes. But just one ‘golden unicorn’ bank employee can make all the difference.
Banks in the UK have to conduct extra checks on people more at risk of blackmail – and an easier option is sometimes just to say no to giving them and account.
A cyclist passes by the Bank of Canada building in Ottawa on July 11, 2023.
THE CANADIAN PRESS/Sean Kilpatrick
Two of Australia’s major banks have announced they will take action against financial abusers, including closing their accounts.
A halfpenny token issued by the Parys Mining Company of Anglesey in 1788. The hooded druid design was used for many years and was the first of hundreds of token designs.
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