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There's a growing push to make banking more accessible for the disabled - and one major bank aims to launch a solution. A new Westpac-commissioned found nearly one in four Kiwis have a disability, and can encounter barriers to accessing accounts and services. The bank wants to introduce a new 'basic' bank account, to help reduce numbers of people not using banking. Chief executive Catherine McGrath says it matches a UK offering, with specific features. "The don't have overdrafts, the types of transactions can be a bit restricted." LISTEN ABOVESee omnystudio.com/listener for privacy information.
There's a growing push to make banking more accessible for the disabled - and one major bank aims to launch a solution. A new Westpac-commissioned found nearly one in four Kiwis have a disability, and can encounter barriers to accessing accounts and services. The bank wants to introduce a new 'basic' bank account, to help reduce numbers of people not using banking. Chief executive Catherine McGrath says it matches a UK offering, with specific features. "The don't have overdrafts, the types of transactions can be a bit restricted." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Westpac has been accused of hypocrisy over punishing Kiwi farmers for their emissions while investing in fossil fuels. Westpac is among the major banks that introduced emissions reduction targets for farmers - including reducing the emissions intensity of the dairy farms it finances in Australia and New Zealand. However, these targets translate into Westpac Australia allowing Australian dairy farmers to continue producing more CO2-equivalent emissions per tonne of milk than New Zealand dairy farmers. Chief executive Catherine McGrath says Kiwi dairy farmers start at a better level than their Australian counterparts. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Westpac has been accused of hypocrisy over punishing Kiwi farmers for their emissions while investing in fossil fuels. Westpac is among the major banks that introduced emissions reduction targets for farmers - including reducing the emissions intensity of the dairy farms it finances in Australia and New Zealand. However, these targets translate into Westpac Australia allowing Australian dairy farmers to continue producing more CO2-equivalent emissions per tonne of milk than New Zealand dairy farmers. Chief executive Catherine McGrath says Kiwi dairy farmers start at a better level than their Australian counterparts. LISTEN ABOVE See omnystudio.com/listener for privacy information.
A senior Reserve Bank official has taken aim at the big banks and accused them of stifling innovation and competition by underinvesting in technology. Addressing delegates at a Payments NZ conference on Tuesday, the banking regulator's director of money and cash, Ian Woolford, claimed there was a role for better regulation to push banks to keep up with their peers overseas. But the banks have pushed back - with Westpac head Catherine McGrath saying regulations were holding the banks back. NZ Herald Wellington business editor Jenee Tibshraeny unpacks the regulations impacting the banks. LISTEN ABOVESee omnystudio.com/listener for privacy information.
A senior Reserve Bank official has taken aim at the big banks and accused them of stifling innovation and competition by underinvesting in technology. Addressing delegates at a Payments NZ conference on Tuesday, the banking regulator's director of money and cash, Ian Woolford, claimed there was a role for better regulation to push banks to keep up with their peers overseas. But the banks have pushed back - with Westpac head Catherine McGrath saying regulations were holding the banks back. NZ Herald Wellington business editor Jenee Tibshraeny unpacks the regulations impacting the banks. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The boss of Westpac's New Zealand arm insists our banking market is competitive. Westpac is reporting a 10% increase in net profit in New Zealand while being hit by "intense market competition" in Australia. It comes as the bank bosses are being hauled before a banking inquiry at Parliament. Catherine McGrath told Mike Hosking the bank is positioned to support Kiwis as the economy starts to grow. She says as the smallest of the big four banks, Westpac believes any way to make competition easy is a good thing. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The process of growth will be the main benefit from a scaled up Kiwibank, while public acclaim will be a key measure of open banking's success, Commerce Commission Chairman John Small says.Small spoke to interest.co.nz for the latest episode of the Of Interest podcast, which will be published later on Wednesday. The interview came after the Commission released the final report from its market study into personal banking services. The Government says it'll act on all 14 recommendations from the report.Speaking in a previous Of Interest podcast episode, after the Commission's interim report was issued in March, Small said the most important of that report's 16 recommendations was; "The Reserve Bank should review its prudential capital settings to ensure they are competitively neutral and smaller players are better able to compete."So why is that recommendation gone from the final report?"We still feel that there's aspects of the regulatory regime that could be improved to promote competition. We've just, I suppose, got a bit more refined about how we're suggesting that that happens. And we've keyed in, particularly to a number of programmes of work that the Reserve Bank already has underway. So we've made a fairly broad overall suggestion about how the bank thinks about competition, which is essentially that we would like them to put a bit more focus on barriers to entry and expansion, so that it's more easily able for small players to get into the market, particularly the kind of players that we expect to be able to disrupt this industry who don't look like the traditional banks," Small says."Another one that applies more to the traditional banks is to think about the way that risk weights are calculated for reasonably standardised loans and make that more granular...so there's less averaging involved. It's a better, it's a more accurate, representation of risk and it gives them the ability to price loans differently depending on just how risky they are."A helping hand for community housingThe Commission's also calling for the Reserve Bank to reduce the risk rating of lending to housing co-operatives and community housing providers to lower, and more accurate, levels. This is currently treated as commercial lending rather than housing lending.Risk weightings are used to link the minimum amount of capital banks must hold, with the risk profile of the bank's lending activities."The work around mortgage advisors is also more nuanced, I should say, [is] probably the way to put it. We found out quite a bit about the mortgage advisor sector after the draft report and we had some of them around at our consultation conference... We [also] took some soundings in Australia about how their mortgage advisor sector works," Small says.'The process of growth'On the recommendation to scale up Kiwibank by getting it access to more capital, Small says the main competitive benefit "is about the process of growth rather than what happens once they're big.""So we want them to be taking chunks of market share out of the big four on their way up, and for that to provoke a competitive reaction from the larger banks.""What will really matter will be them [ANZ, ASB, BNZ and Westpac] perceiving a real threat of losing share, because that is what will stimulate them to fight back," Small says.'Interesting stuff' from Westpac NZ's CEOThe Commission also calls for the acceleration and co-ordination of progress on open banking. In the podcast Small talks about lessons from the United Kingdom and hearing "some real interesting stuff" from Westpac NZ CEO Catherine McGrath. Prior to taking the Westpac job McGrath worked for Barclays and was involved in a Competition and Markets Authority open banking committee in the UK."We're just copying what we can, ruthlessly copying what we can," Small says. "So, you know, I absolutely grant you that in terms of overall open banking as distinct from payments, it hasn't been a roaring success in either of those places [Australia or the UK]. I think we can learn from both of them and do it a lot better."Better bank switching desiredThe Commission also says the bank switching service, operated through the bank-owned Payments NZ, needs investment and improvement."We were a bit surprised, to be honest, when we visited the headquarters of the big banks and asked them about this service and asked them in particular, 'if I was to come in off the street as a customer of someone else's bank and was interested in converting to you, would you recommend that I use this service?' And generally speaking no, they wouldn't.""And they don't ask their staff to recommend that. So that tells me that it's obviously not being promoted. I think it could be improved, the actual functionality could be improved, it needs to be more visible and known and also they need to report on its usage, its success rates, what people think about it, and just that sort of basic transparency hygiene system would be very helpful indeed," says Small.In terms of how open banking's success could be measured, Small suggests public acclaim is one way."I think if ordinary people on the street see it as being useful and working for them, then that's a great indicator...I would like to see it taking market share off the banks. Definitely. I'd like to see more variety of services out there and definitely like to see government agencies using it, because I think that's an important driver of success."A message for consumersAnd what's Small's message for bank customers?"My message is you really should shop around. I don't like to just put everything back onto the consumers, but consumers can get better deals than I was aware of before I started this market study. For example, mortgages. You can usually drive a better bargain than you see on the headline [interest rate]. So shop around and be a savvy consumer.""Also stand by and keep your eyes open for the innovation that we think is going to come. Some of this, by the way, is going to require change by consumers. There are a bunch of people out there, quite a large number of people in New Zealand, that are using somewhat dangerous banking technology that involves handing over their login details to a third party provider. We think that's something that has to be phased out. It's just dangerous. It's putting people at risk. So we think that what's coming up is going to be faster, safer, cheaper. Yeah. It won't happen tomorrow, but it will be here within 18 months or two years, I think."What about splitting up the big banks?Speaking earlier Wednesday Small said the Commission had considered recommending splitting big banks up."We did think about that, but we came to the view that the structure can be changed, the market structure can be changed through the two main levers that we're suggesting. One is a growing Kiwibank, and the main point about growing Kiwibank is that it will destabilise the big four as it grows. And then secondly, with open banking coming in, behind these are new business models that are not the same as the existing [ones]. And I think our view is that that's more disruptive and more enduring disruption, and more competitive innovation."The Commission's final report is here.*You can find all episodes of the Of Interest podcast here.
Home ownership rates have dropped below 60 percent, and data indicates this figure could get lower. New research commissioned by Westpac says home ownership figures will fall as low as 50 percent by 2050. The bank has since pledged to lend $1 billion over the next three years to fund affordable housing. CEO Catherine McGrath says it's critical to ensure home ownership becomes available to more New Zealanders. LISTEN ABOVESee omnystudio.com/listener for privacy information.
THANKS FOR WATCHINGThis episode was sponsored by The Doyen. Grab your discount now by using the code "Cork25" – quote on booking to receive 25% off your food bill Wednesday – Saturday. Also follow this link to get your tickets to the Rugby event on the 27th https://thedoyenbelfast.com/ Please follow this link for SOCIALS, MERCH and the PATREON. Where you can support the pod and see some extra episodes: https://linktr.ee/andrewryancomedy?fbclid=PAAaYjEwVchxu-dcPIGSt8ql8Lp70BPx5sGh8fJnyft9OV2HdhUWlKWVxhCoQ INSTA: https://www.instagram.com/corkinthenorth/ SPECIAL: https://www.youtube.com/watch?v=-GGN2iBmkOY Please subscribe to the channel!
Westpac's CEO has identified a range of reasons for its fall in profits. The bank had a $963 million net profit for the year to September, down seven percent from 2022. Catherine McGrath says Westpac has been investing heavily in key parts of the business to improve the customer experience. "We've been investing in the foundation of the bank, so we've been introducing new tools. For example, we're the first bank in New Zealand to bring in an extra layer of security for our customers to protect them from fraud and scams." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Westpac's CEO has identified a range of reasons for its fall in profits. The bank had a $963 million net profit for the year to September, down seven percent from 2022. Catherine McGrath says Westpac has been investing heavily in key parts of the business to improve the customer experience. "We've been investing in the foundation of the bank, so we've been introducing new tools. For example, we're the first bank in New Zealand to bring in an extra layer of security for our customers to protect them from fraud and scams." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Westpac has recently announced that their profits are up by 12 percent, putting their earnings at $1 billion dollars before the years' end. The timing of this coincided with Jacinda Ardern's latest post-cabinet briefing, in which she said that banks had to assess their “social licence to operate” as they make record profits in a cost of living crisis. Westpac NZ CEO Catherine McGrath defends these earnings as Westpac's profit margins have been flat. Catherine also states that in times of economic crisis, customers are better off if their banks are well capitalised and financially resilient. This allows banks to easily step up and support their customers through hardships. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Westpac has recently announced that their profits are up by 12 percent, putting their earnings at $1 billion dollars before the years' end. The timing of this coincided with Jacinda Ardern's latest post-cabinet briefing, in which she said that banks had to assess their “social licence to operate” as they make record profits in a cost of living crisis. Westpac NZ CEO Catherine McGrath defends these earnings as Westpac's profit margins have been flat. Catherine also states that in times of economic crisis, customers are better off if their banks are well capitalised and financially resilient. This allows banks to easily step up and support their customers through hardships. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Catherine McGrath is a Senior Psychologist at the Melbourne Wellbeing Group. She has over 15 years of experience working with young people and families who are dealing with all sorts of mental health concerns, including OCD. In today's episode, Catherine shares her tips on when to include family in the treatment of a young person before detailing her experience working with younger clients with OCD. She then discusses ideas for how to have fun in therapy with games like 'Spot It'. Connect: https://www.melbournewellbeinggroup.com.au/ http://www.drcelingelgec.com.au This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.
Is it possible to have a successful career and a family? Catherine McGrath embodies the modern-day working woman, as she juggles her high powered job with having two young children. Currently, the Vice President of Client Success at the global tech company, Wrike, Catherine previously worked at Flywire, Travelex, Western Union, and AIB Merchant Services. In this episode, Catherine shares her story of how she went from recruitment to a VP Client Success role. She also shares her advice on how to be a working mother, and what companies can do to make their lives easier. * Host: Izzy Bishop Guest: Catherine McGrath * LinkedIn accounts: Izzy Bishop: https://www.linkedin.com/in/izzy-bishop-7bb525120 Catherine McGrath: https://www.linkedin.com/in/catherine-mcgrath-050b355/ Wiser: https://www.linkedin.com/company/wearewiser/ Wrike: https://www.linkedin.com/company/wrike/
Here is my review of the song Talk of this Town by Catherine McGrath, from her 2018 album Talk of this Town. Hope you enjoy, please subscribe for more! Music for the sting: Welcome to the Show by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/4614-welcome-to-the-show License: http://creativecommons.org/licenses/by/4.0/
Hey y'all! Join us this week for Episode 30 where we talk about Sara Evans! Plus songs of the week from Bailey and Bryan and Catherine McGrath.
This week Megan and Alyssa talk about actress/singer Lucy Hale's brief foray into country music and their hopes for her to revisit it. Then, Songs of the Week from Alissa Griffith and Catherine McGrath.
Catherine McGrath, Jesse Dayton, Roosevelt Collier, Stevie Freeman and participants in the Silver Bluegrass Band are our guests in this “SummerTyne” themed episode. In this episode, we hear from one of country music’s newest stars, Catherine McGrath, who comes not from Nashville, but from Northern Ireland; guitar-slinger Jesse Dayton gives us the low-down on Johnny Cash as well as The Clash; Roosevelt Collier tells us the origins of his sacred steel, funk and psychedelic blues fusion sound; Stevie Freeman explains why we need an Americana Music Association in the UK; and we drop-in to hear the Silver Bluegrass Band at Sage Gateshead practise for their big, end-of-year performance. *Backstage is a regular podcast where we go behind the scenes for exclusive interviews and insights from leading and emerging artists who’ll be taking to the stage at Sage Gateshead, and discover some of the activities that take place, and the communities that meet there.
In this second SummerTyne Americana festival episode, we speak with photographer Mark Savage who has captured many of Americana’s biggest stars; the BBC’s Bronnie McCarthy’s tell us about the broadcast wifi technology being trialed at the festival this weekend; and we talk to some diehard SummerTyne fans who have been to the festival every… single….year. There’s a chance too to hear again our interviews with singer-songwriter Eve Selis; one of country music’s newest stars, Catherine McGrath; and Stevie Freeman, head of the Americana Music Association in the UK. *Backstage is a regular podcast where we go behind the scenes for exclusive interviews and insights from leading and emerging artists who’ll be taking to the stage at Sage Gateshead, and discover some of the activities that take place, and the communities that meet there.
The team chat about their weekend at TRSNMT, tracks come from Catherine McGrath, Swim School and Stephanie Cheape. Interviews from Swim School and Retro Video Club too!
Welcome to Taylor Swift...I mean Catherine McGrath's first album brings us back to our pre-teen years of heartbreak and sorrow.
This week's podcast we talk about the Eric Church interview in The Rolling Stones that has everyone talking. Kenny Chesney and Catherine McGrath dropped new albums last week that we're digging. Last, we touch on Kenny Chesney's career and the artist he has become. As usual, we introduce you to a new artist you should check out, a throwback jam, and try to stump each other with some country trivia.
This week's podcast we talk about the Eric Church interview in The Rolling Stones that has everyone talking. Kenny Chesney and Catherine McGrath dropped new albums last week that we're digging. Last, we touch on Kenny Chesney's career and the artist he has become. As usual, we introduce you to a new artist you should check out, a throwback jam, and try to stump each other with some country trivia.
Catherine McGrath chats with Scott Nicholls at The Black Deer Festival 2018
The first episode of 'inspiring women' is read by Kim Palmer, founder of Clementine. Kim shares why she was so inspired by her previous boss - Catherine McGrath. The post Inspiring women series : Kim Palmer appeared first on Clementine App.
In this episode Barclays takeover! Over the years, Barclays have pioneered tech in financial services, from the first UK bank to launch the ATM, to their award-winning app. We sit down with four excellent guests, including CEO Ashok Vaswani, to discuss the impact of PSD2; the challenges and opportunities that come with being a 357-year-old bank; how to attract fresh talent in a world filled with tempting FinTech startups; and more. Guests Ashok Vaswani, CEO Catherine McGrath, Managing Director of Transaction Products and Payments Ruchir Rodrigues, Managing Director of Digital & Open Banking Frankie Woodhead, Director of Commercial & Channels – Business Lending Highlights On PSD2 “I’m hugely excited about it. I think, as a customer, it’s going to present me with completely different opportunities about how to manage my finances, and, as Barclays, we are right in at the heart of that, and helping that happen. I want to be confident that I can recommend to my friends and family that they should feel comfortable to move their data around, so we need to make sure that we’ve got customer protection at the core, so I feel safe, which means I can get all those great competitive advantages.” – Catherine McGrath On omnichannel “Customers never think of, “I want to go to a channel,” or, “I want to go omnichannel.” They’re saying, “I want to be served by Barclays.” That’s how people look at it, and that’s exactly our view. So the question for us is, how do you solve a customer need? And what is the need you are trying to solve for? It’s not about which channel you want customers to come to, it’s about what do they want? Is it convenient?” – Ruchir Rodrigues On scale and risk taking ‘’I can count ten programmes where we’ve spent a lot of money on, and frankly they haven’t gone anywhere, right? Okay, we thought it was a great idea, we made a mistake, we drank a glass of water, it was over, we move to the next thing, right? I mean, the speed of change is so rapid that to think that everybody’s going to get everything right is foolhardy, right? So having the ability to actually do it, having a culture where everyone, as a team, we are committed, we are just absolutely committed to making this happen, so we’re putting our money where our mouth is. ‘ Ashok Vaswani On looking outside of banking “I think it’s as important to look at non-competitors, I saw WhatsApp launching p2p payments in India, Alibaba and what they’re doing […] in Asia and the APAC region, we have to not just look at banks. We have to look outside of industry and what’s going off, because that’s going to be more important, in my view, in the next five to ten years.” – Frankie Woodhead Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep237 – Barclays Takeover! appeared first on 11:FS.
The Vote: 2016 Federal Election Series, presented in partnership with Policy Forum.net, is an opportunity to engage with ANU public policy experts during the 2016 Federal Election. In this podcast, three ANU public policy experts offer a no holds barred overview of the election, looking at the policy, politics and predictions ahead of us for the next eight weeks. Panellists include: - Quentin Grafton, Professor of Economics, ANU Crawford School of Public Policy, and Editor-in-Chief of PolicyForum.net - Sue Regan, researcher and policy analyst, ANU Crawford School of Public Policy - Bob Cotton, Visiting Fellow, ANU Crawford School of Public Policy Moderated by Catherine McGrath, Chief Political Correspondent for SBS TV.