Financial Services News Wrap

Thu, 21st May 2026

20. maj 2026
episode Thu, 21st May 2026 cover

Description

In this episode of the Daily Financial Services News Wrap, host Paige Estritori discusses AUSTRAC's 2026 Financial Crime Risk Snapshot, revealing an increasing trend of digital platforms being used for criminal activity. She highlights the call for financial institutions to increase their digital security measures. The resilience of Australia's non-life insurance sector is also discussed, with a significant revenue increase of 11.1% in the last fiscal year. The Australian Competition and Consumer Commission's continued examination of Insurance Australia Group's proposed acquisition of RAC Insurance is emphasized alongside an exploration of the booming life insurance sector based on data from the Australian Prudential Regulation Authority. Despite certain challenges, the report points to a promising future for the financial industry.

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846 episodes

episode Tue, 30th Jun 2026 artwork

Tue, 30th Jun 2026

Today's edition of the Daily Financial Services News Wrap, includes insight into how risks associated with AI have moved into the concern of boardroom discussions, as highlighted by the Corporate Risk Radar 2026 report. The move stresses the importance of effective AI governance for businesses. The upcoming Payday Super reform may pose new cash flow challenges for small businesses. It mandates a timely coincidence of superannuation contributions and wages, necessitating robust payroll systems. Meanwhile, the insurance sector sees a new residential strata insurance product from Vero aiming for transparent pricing of complex strata risks. Finally, new competitive offerings from Chinese automaker Chery may disrupt Australia's budget EV market, making affordable EVs more accessible to Australians.

Yesterday0
episode Sun, 28th Jun 2026 artwork

Sun, 28th Jun 2026

In this episode of Financial Services Online, host Paige Estritori delves into crucial financial events. HCF Life's recent Federal Court appeal has refocused attention on policy wording, particularly about potentially misleading and unfair terms concerning pre-existing conditions. Transitioning to property insurance, the Australian Government's cycline reinsurance pool brings promising reductions in home, strata, and business insurance premiums, notably in cyclone-prone regions. However, escalating claim costs and construction inflation continues to pressure affordability. A shift to SMEs sees Haven Underwriting launching a new broadform liability insurance product, giving more options for property owners, hospitality venues, self-storage facilities, and retailers. Lastly, Vero's new nil-commission strata insurance product foretells industry changes classifying strata as a specialist class for better governance. While insurance foretells industry changes, consult experienced brokers and carefully review policies and assets is advised.n

27. juni 20260
episode Sat, 27th Jun 2026 artwork

Sat, 27th Jun 2026

This podcast provides updates on Australia's financial services and industry news for June 27, 2026. It highlights a strong boat buying market with the Marina Industries Association reporting high occupancy rates and robust revenue figures, contributing substantially to the Australian economy. It also covers the launch of the competitively priced Captain 45 WorkReady light-duty truck from DFAC Trucks Australia, targeted towards small operators and featuring state-of-the-art inclusions. Judo Bank, an SME lender, comes in focus with a drop in share prices due to rising loan losses, resulting in tight scrutiny on credit applications. Lastly, new regulatory findings from the Australian Securities and Investments Commission, impacting caravan buyers, have been announced with further details to be provided in due course. Visit financialservicesonline.com.au for more information.n

26. juni 20260
episode Fri, 26th Jun 2026 artwork

Fri, 26th Jun 2026

In this episode of Financial Services Online, Paige Estritori discusses compelling updates in the marine, trucking, and banking sectors. Firm demand is maintaining the marina industry's revenue at $965m, despite economic pressures. However, labor shortages may impact services. Half of all marinas plan to invest in solar installations. A new entrant, DFAC Trucks Australia, is shaking up the light-duty truck market with its competitively-priced Captain 45 WorkReady. Backed by a seven-year warranty and 24 service centers, the vehicle targets small operators. In banking, Judo Bank's share price fell due to significant loan losses, indicating a challenging climate for Australias SME lending market. Due to rising interest rates, lenders demand strong financial management from SMEs. Lastly, the episode briefly mentions ASIC's findings on car finances. Visit Financial Services Online for more on finance and money management.n

25. juni 20260