Banks want ATO tax data access to fight AI mortgage fraud, but Australia's biggest fraud case so far ran on bank insiders, not fake paperwork.
Category: Finance
Philippine Banks Chase Brazil’s Pix Playbook With Free Transfers
Philippine banks are waiving transfer fees under BSP Circular 1238, a trade Brazil's central bank already tested with its free payment system Pix.
IBM’s Historic 25% Stock Crash Traces Back to a 2014 Bet
IBM's record 25% crash on July 14, 2026 traces to a 2014 decision to exit servers and chips, the exact hardware categories AI clients now demand.
ASIC’s Record $830 Million Fine Haul Can’t Fund Its Own Enforcement
ASIC's enforcement haul hit a record $830 million this year, but the money bypasses its own budget while the industry it regulates faces a 31 percent levy rise.
Credit Card Bonuses Hit Six Figures, but the Payoff Isn’t Shared Equally
Chase, Amex and Capital One are dangling six-figure credit card bonuses in 2026, but fresh data show the payoff lands unevenly across spenders.
Visa Gives Banks an AI Assistant, Then Hedges With OpenAI
Visa's AI Financial Assistant brings chat-based spending insights and card controls to banking apps, with U.S. pilots launching in August 2026 ahead of global rollout.
Chip Giants Post Record Profits, and Wall Street Sells Anyway
TSMC and ASML posted record quarterly earnings, but chip stocks slid in a Nasdaq-led selloff Thursday as oil held steady despite fresh US-Iran strikes.
South African Banks Face Tighter AI Scrutiny as Deployment Races Ahead
South Africa's Prudential Authority is tightening AI, cloud and cyber oversight of banks even as lenders race to scale deployment through 2026.
Canada’s OSFI Warned Banks About Anthropic’s Mythos Months Ago
Canada's OSFI privately warned banks in April that Anthropic's Claude Mythos could shrink the time to patch cyber flaws, documents show.
EU’s Banking Overhaul Eases Leverage Rules for Its Biggest Trading Banks
The European Commission's Friday banking package eases leverage ratio rules, and Ireland's already well-capitalized banks show why the relief won't reach every lender.