I was fascinated by this article in nextbank. When considered however it rings true. Banks will have to have 50% of their revenue coming directly from digital just to keep up with the industry disrupters such as Google, Amazon, Paypal and whoever else is in that space in five years. The mindset of seeing digital[…]

Tasmania has made in interesting change to stamp duty in its state by including the price of the house construction (if contracted) at the time of land transferring title. Previously it was the case that if you had a house and land package only the value of the land was included in the stamp duty[…]

Recent Annual General Meetings of financial organisations in Australia have highlighted the increasing cost of doing business, regulation being one of the key complaints. Conversely, there are few comments relating to positive digital strategies for the banks. While perhaps an operational matter, but no more so than regulation, there is little doubt that a cohesive[…]

MIT Sloan and Capgemini have recently concluded  the enormous benefit of having a digital strategy. 

Apple last night announced new tablets would be released in time for Christmas sales. The tablet market in all forms (whether iOS or Android) is booming which reinforces the need for all digital tools and calculators to be compliant and be able to work on all devices. Many do not realise for example that any[…]

A recent online campaign by Westpac highlights the needs for easy access and customer friendly digital tools/calculators. Competitors in the mortgage space are increasingly using digital tools to highlight the benefits of their products.

Banking Day reported today Bendigo/Adelaide Bank’s growing desire to fully engage in the margin space. Bendigo/Adelaide Bank’s presence in the margin lending space up until the GFC was quite significant.

This article highlights the need for technology to provide a clear customer proposition. On many levels the ground is entirely flat between banking competitors. Technology and the use of customer focusing solutions, tools and calculators will provide significant leverage in competition.

At its meeting on the 1st of October the RBA left its official interest rate unchanged at 2.5%.

It’s great to see Bendigo Bank have recently introduced a new website, which is a marked improvement on the previous site. Additionally, it is pleasing to note that Bendigo Bank have employed new html based calculators replacing the previous flash based versions.