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June 26, 2018

Trust in customer owned banking is on the rise

An Essential Media poll has found almost half of all Australians have less trust in the big banks because of the Royal Commission into banking. At the same time, trust in customer owned banking institutions is on the rise. The poll found that because of the Royal Commission into banking: 47% have less trust in big 4 banks 18% have more…
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June 14, 2018

Tasmanian Budget 2018 statement

There’s been a lot of good news lately about the Tasmanian economy. We’re in an enviable position to capitalise on the current business confidence, tourism growth and investment. The Liberal government released its fifth Budget on Thursday 14 June, a budget that Treasurer Peter Gutwein said would “underpin our booming economy”. However, as the economy booms, it…
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June 07, 2018

Banking on an alternative

Bank of us CEO Paul Ranson announces that Tasmanians are supporting the new bank by voting with their feet … as new customers. “Since our November launch, we’ve had a 66% increase in new customers, compared to the same period last year,” Mr Ranson said. “And we have increased our share of the owner-occupied housing finance market by 20%. “Right now, we’re on track…
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May 18, 2018

Open Banking is coming to a bank near you

As the dust settles on this year’s Federal Budget announcement, it’s clear that the headliners were income tax cuts and billion-dollar infrastructure allocations. It certainly wasn’t ‘Open Banking’ or ‘Consumer Data Right’, yet, both featured in the Treasurer, Scott Morrison’s Budget speech, and both will have a significant impact on all Australians. In his speech,…
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May 11, 2018

WEATHER EVENT TASMANIA

There has been flash flooding overnight in Hobart with cars swept away, trees uprooted and more than 10,000 homes have been left without power. The SES have established evacuation centres for those that cannot remain in their homes from storm damage. Centres have been set up at Mathers House, 180 Bathurst Street (next to the state library) and in Kingston at 99 Beach…
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