Australian banks enter tech arms race as rising rates squeeze profit

The 10-minute home loan – at the tap of a smartphone screen – is emerging as the next frontier in Australian banking as rising interest rates quash a pandemic-fuelled property boom, eating into mortgage income and renewing focus on cost-cutting tech. Read full story

Source : https://www.thestar.com.my/tech/tech-news/2022/05/18/australian-banks-enter-tech-arms-race-as-rising-rates-squeeze-profit

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