The banking royal commission is a masterclass in how not to run a startup
Ensuring commissioner Hayne's wisdom is built into a business model from an early stage will set a startup up for future success.
Why ‘Orwellian’ performance monitoring is crucial to building an ethical company culture
The professional behaviour of staff needs to be monitored closely — much more closely than it is in most businesses today.
Trail commissions explained: Why Kenneth Hayne wants mortgage brokers to charge fees
Changing the way people get paid is disruptive, and might cost mortgage brokers their business if what they are charging is made apparent up front.
‘Unsustainable’ $5 pizzas: Fair Work boss Sandra Parker chases higher penalties for dodgy retailers
The Fair Work Ombudsman is reviewing its use of enforcement tools in the wake of the banking royal commission as it chases higher penalties.
“Cop out”: Banking lobby resists changing small-business lending rules
The ABA has refused to commit to changing the definition of small business in the banking industry code, outlining concerns about small-business lending.
Banking on change: Why neobank 86 400 wants to take the fight straight to the big four
The chief executive of one of Australia’s newest digital banks, 86 400, says his startup has no desire to be a smaller “niche” bank.
Why the royal commission is good news for startups
While the royal commission has undoubtedly done some damage, I think the whole process should give entrepreneurs a tremendous confidence boost.
Double the compo: Up to $2 million for business banking victims under Labor
Small-business banking victims could get more money and banks will foot a bigger bill under Labor's plan to trump the government on compo.
Keeping finance fair: AFCA’s new small biz ombudsman prepares for royal commission compensation claims
AFCA's new small business ombudsman is preparing for a busy first year as post-royal commission compo claims fly in to the new complaint body.
Bank watchdogs on notice: What does the royal commission mean for small business lending?
Regulators are on notice to support changes to the banking code as SME lending looks to a brighter 2019 following the royal commission.
“Startling result”: NAB worst hit as bank trust plummets in the wake of the royal commission
Bank trust has plummeted in the wake of the royal commission, but NAB, having lost its chief executive and chairman, has been the worst hit, according to Roy Morgan.
As consumer scepticism grows, will the banks bounce back, or will competitors triumph?
A major betrayal in trust takes time and effort to repair. Therefore, restoring trust needs to be the highest priority for the finance industry.
