Having acted as the nation’s financial shock absorbers early in the COVID crisis, banks must now support Australia’s economic recovery by funding business growth.
Looking ahead, banks can fuel the economic recovery by funding business growth and building a more resilient Australia. They must sharpen their focus on the convergence of industries, controlling costs, further expanding payment capabilities and, above all, accelerating digital transformation. Navigating these challenges will not only breed success in an increasingly competitive environment, but also usher in the future of banking.
Six reflections on Australia's banking sector
Deloitte has proudly sponsored the AFR’s Banking Summit since 2016. This year’s Summit was jointly opened by the AFR’s Editor-In-Chief Michael Stutchbury, and David Myers, the firm’s national banking and capital market sector leader. David reflected on six challenges facing the sector, outlined here.
An expedition into Natural Capital: Why the ‘E’ in ‘ESG’ is about more than just climate change
The threat of climate change has become a headline issue at the forefront of Australia’s public debate. Read the blog and white paper to find out more about how your organisation can bank on natural capital and nature as fundamental (and fundamentally undervalued) part of the economy and of human wellbeing.
To grow, ESG must remain front of mind for Aussie banks
Australian banking is undergoing a massive transformation. Already, responding to new technologies and the rise of neo-banks and other non-bank lenders, our banks – and the Big Four in particular - have jettisoned their legacy wealth and life insurance businesses while embracing new technology and innovation.
Where to spend your marketing dollar: using data and AI to find valuable new customers
Did you know that of over 20m Australians, that there are only 541,000 mortgages and 1.4m accounts in motion each year (switchers and openers) according to Deloitte's proprietary research (2021)? Read our series to find out more about the Australian marketplace's mortgage battlefield, and how Deloitte Acquisition.AI enables the bank to acquire more customers, now.
Funding the economic recovery: Highs and lows
Chris Richardson, Deloitte Access Economics Partner was a panellist at this year’s AFR Banking Summit alongside Anna Bligh, CEO, Australian Banking Association, Alexi Boyd, CEO, Council of Small Business Organisations Australia and Chris Screen, Group Executive Business Banking, Bank of Queensland. Chris reflected on unemployment rates being their lowest since ABBA won Eurovision and much more.