23 July 2025
The Australian Banking Association’s ‘Bank on It’ Report, delivered in collaboration with Accenture, reveals a sector that is stable but not static – one that champions progress while remaining steadfast in its duty to protect customers.
The overwhelming majority of customer-bank interactions now occur via digital channels.
Total value of payments made by Australians using mobile wallets over the past year.
Annual savings for students, the elderly, and benefit recipients via no- or low-fee accounts.
Latest news
Australian banks welcome today’s proposal from APRA and ASIC to reduce the regulatory burden associated with the Financial Accountability Regime (FAR). ABA CEO Simon Birmingham said this was a sensible measure announced in the 2026-27 Federal Budget to reduce some of the administrative burden placed on banks related to FAR. “This is a commonsense and… Read more »
The ABA acknowledges today’s release of designations, draft industry codes, draft rules and a government discussion paper regarding the Scam Prevention Framework (SPF). Banks will scrutinise these SPF settings carefully to ensure they: ABA CEO Simon Birmingham said the most important policy objective of the SPF needed to be preventing scam losses in the first… Read more »
E&OE Bran Black, BCA: I’m here with colleagues from industry associations that represent the length and breadth of Australia’s economy, and we’re here today to talk about a couple of key features of the Budget. What I wanted to do is just take a step back first and just talk about how we came together…. Read more »