Australia’s financial services sector is lagging behind other sectors in online transactions, with the industry urged to lift its game and invest more in IT to maintain competitiveness.
Rapid growth in Australia’s retirement savings pool is forcing greater investment in technology by superannuation funds to drive product innovation and productivity gains, according to market comment and analysis of the latest Bureau of Statistics report.
Australian businesses earned $237.1 billion from the Internet in 2011-12 according to the Australian Bureau of Statistics. The current figure would be much higher.
Coal mining industry fund leverages fund offerings with improvements to operating efficiency and customer service for its members
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