10 April 2019
Opening up bank data carries an inherent threat of commoditisation for incumbent banks and will require a fundamental rethink of the traditional banking business.
The number of micro businesses grew 10% to 1.55 million in the year to June 2022. During the same period, the number of small businesses grew 3% to 955,861 after an extraordinary period of growth during the 2021 financial year, jumping 15% to 931,791.
The ABA recently visited regional Victoria to see the impact of the recent floods first-hand. The tour of Rochester and Echuca was set up to share the support available by banks and encourage customers affected to contact their bank.The ABA also gathered feedback from impacted bank customers and the local community to hear what further… Read more »
“Agriculture in Australia has a proud record of overcoming extreme adversity, most recently meeting the challenge of major flood events head on. Banks are standing by to support customers affected and the message is to reach out to your bank if you need their support.”