Tag Archives: finance

Coles adopts ‘world-class’ digital platforms

Coles Group says it has taken a “significant step” in its ongoing digital transformation strategy. According to the retailer, it has adopted “world-class” global supply chain management and core finance and procurement platforms to improve product availability for customers while enabling efficiencies in supply chain to support Coles’ Smarter Selling …

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CEBIT Australia 2019 line-up announced

The 2019 line-up for CEBIT Australia will showcase some of the nation’s most influential leaders in technology, finance and innovation this October. To be held at Sydney’s International Convention Centre, the annual B2B technology exhibition and conference will feature over 200 expert speakers. They will deliver keynote presentations, panel discussions, …

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Industry heads host roundtable discussion on small-business finance

The Council of Small Business Australia (COSBOA) recently participated in a roundtable discussion about small-business finance convened by the Reserve Bank of Australia (RBA). The meeting was held in Sydney and co-chaired by RBA Governor Philip Lowe, COSBOA Chairman (and Australian Convenience and Petroleum Marketers Association CEO) Mark McKenzie, and …

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Bankwest and American Express team

In a national first, small businesses no longer need to negotiate both bank and American Express credit-card pricing for their merchant point-of-sale transactions. As part of an agreement between CBA and American Express, Bankwest customers will be able to benefit from Amex being included in existing small-merchant plans for businesses. …

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New $10 banknote to circulate from September

The Reserve Bank has published the design of a new $10 banknote that will be circulated from September. “The $10 banknote celebrates two famous Australian writers, Dame Mary Gilmore and AB ‘Banjo’ Paterson,” the bank’s Governor, Philip Lowe, said. “Their work is recognised in several design elements on the banknote, …

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New Aussie bank calls out big banks on lending rules

Australia’s major retail banks should be more flexible in lending to small and medium businesses, according to the Executive Director of a new Australian bank, Tyro Payments. “In the 21st century, it’s a ridiculous restriction that Australia’s big banks are insisting that any small business loan must typically be collateralised …

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ACCC proposal on Apple Pay bad for retailers, says ARA

The ACCC has proposed to deny authorisation for a number of Australian banks to engage in limited collective bargaining and boycott with Apple in relation to Apple Pay. Bendigo and Adelaide Bank, Commonwealth Bank, National Australia Bank and Westpac sought authorisation on behalf of themselves and potentially other credit and …

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