Mortgage Business
ANZ to close 15 regional branches By Malavika Santhebennur 21 April 2021
The major bank has announced the closure of 15 regional branches, citing customer shift away from branches and into remote banking.
ANZ has said that it will shut down 15 branches in regional Australia in NSW, Victoria and Western Australia, between June and October 2021.
According to the Finance Sector Union (FSU), since January 2020, ANZ has announced the closure of 146 branches.
The union said that branch closure locations include:
NSW: Forster, Cooma, Ulladulla, Salamander Bay, Casino, Cowra, Cootamundra, Leeton and Kempsey;
Victoria: Bacchus Marsh and Lakes Entrance; and
Western Australia: Wongan Hills, Bassendean, Baldivis and Beverley.
Apex Group Appoints Former Investec Bank Executive In Trio Of Digital Banking Hires Date
19/04/2021
Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today the appointment of Alistair Stuart to the newly created position of Head of Digital Banking. The Group’s Digital Banking leadership team is further strengthened with the hires of Ankit Shah as Head of Digital Banking Business Development and Neale Croutear-Foy as Chief Technology Officer, Digital Banking.
Apex Group delivers its banking services, including the digital banking platform, via subsidiary European Depositary Bank (“EDB”). In his new role, Alistair will lead planned enhancements to the EDB Digital Banking platform throughout 2021, which will disrupt the corporate banking sector by delivering a secure, fast and digital solution dedicated to corporate clients. EDB is already a leading provider of traditional Banking, Depositary and Custody services to Instituti
Alistair Stuart to lead planned enhancements to EDB digital banking platform
19 Apr 2021 |
Alistair Stuart
Financial services provider Apex Group has appointed Alistair Stuart to the newly created position of head of digital banking. It has also named Ankit Shah as head of digital banking business development and Neale Croutear-Foy as chief technology officer for digital banking.
Apex delivers its banking services, including the digital banking platform, via its subsidiary European Depositary Bank (EDB). In his new role, Stuart will lead planned enhancements to the EDB digital banking platform.
Before joining Apex, Stuart was chief operating officer at Investec Bank, working on a number of key digital initiatives including building its new digital savings proposition. He has over three decades of experience in the banking industry and has held senior operational roles at international banks including Lloyds Banking Group, Westpac Group and RBS.
Former Virgin Australia digital leader reappears at CAT dealer itnews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itnews.com.au Daily Mail and Mail on Sunday newspapers.
Westpac Group restores pre-COVID credit policy By Malavika Santhebennur 08 April 2021
Westpac Group has reverted to pre-COVID policies around the portion of bonus income allowed to be used for serviceability assessment.
Westpac Group has announced that effective Sunday, 11 April, the percentage of bonus income allowed to be used for serviceability assessment will return to pre-COVID-19 policy.
The announcement has followed changes made by the group in May 2020, when it reduced assessment of bonus income to a maximum serviceability assessment of 60 per cent as part of its response to heightened credit quality risk associated with the coronavirus pandemic.
However, Westpac Group – which includes major bank Westpac, and its subsidiaries St.George, BankSA and Bank of Melbourne – has said that the percentage of bonus income allow