Westpac

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"Businesses are strengthening their cashflow positions and with tailwinds emerging, including more interest rate cuts, the outlook for businesses is improving," says Sian Fenner, Head of Business and Industry Economics at Westpac. The Westpac Business Cashflow Gauge has improved by 1.7 per cent in the past six months, as businesses begin to recover from a challenging period marked by strong cost pressures, rising interest rates and sluggish consumer demand. #sme #smallbiz #business #economy Fenner and Westpac Senior Economist Pat Bustamante share more insights from the Westpac Quarterly Business Survey, which draws on data from millions of daily transactions, here: https://lnkd.in/gEmzNNWM

Westpac’s enhanced safety features and growing public awareness are helping to curb customer scam losses, although the high volume of activity is a reminder that the scammers haven’t stopped trying. In a new edition of Scam Spot, we look at the latest tactics scammers are using to dupe their targets, drawing on insights from the bank's fraud prevention team. #scams #fraudprevention Read more: https://lnkd.in/gAfnuM6U

✂️ The RBA has cut interest rates for the first time in four years, offering much-needed relief to households struggling with cost-of-living pressures, but it was “a cautious cut” according to Westpac senior economist Justin Smirk, with the central bank signalling it was in no hurry to follow up with further easing. More on this story, here: https://lnkd.in/gkfzNAyk #RBA #AustralianEconomy #CashRate #InterestRates

💔 This Valentine's Day and beyond, for those looking for love online, it’s worth remembering that not everyone you encounter is who they say they are. Wire caught up with Tracy Hall - author, advocate and the last victim of the country's most prolific conman. In this two-part video series, Hall shares her hard learned tips to avoid a romance baiting scam - a hybrid of romance and investment scams. For the full story, as well as more insights and advice from Westpac's Head of Fraud Prevention, Benjamin Young, click here: https://lnkd.in/ggyHh56R #ValentinesDay #ScamAwareness #RomanceScam #InvestmentScam

Westpac will provide banking services to the NSW Government for a further five years under an expanded contract that cements a partnership that has thrived across almost two centuries. Nell Hutton, Chief Executive, Westpac Institutional Bank, talks about the additional responsibilities the bank will take on under the new contract, while Head of Historical Services Kim Eberhard delves into the long history of the relationship. #financialservices Full story: https://lnkd.in/grK3zQFX

Research shows that 45% of Australian kids aged 8-17 report being treated in hurtful or mean ways online, with those starting high school the most vulnerable.    🧑💻Today on Safer Internet Day, eSafety Commissioner Julie Inman - Grant sounds the alarm over the worrying rise in cyberbullying.    Hear Julie's insights into the online playground, including tips on spotting online bullying and free resources and webinars for parents and educators, in our latest Wire piece ➡️ https://lnkd.in/ge6VAeYG    #CyberSafety #SaferInternetDay #SID2025

While Aussie consumers are feeling better about their household finances, they’re still taking a cautious approach to spending. 💸 It’s a not too hot, not too cold scenario that should give the RBA confidence that inflation will continue to cool in line with its expectations, says Westpac Senior Economist, Matthew Hassan. Full story here: https://lnkd.in/gDHwjt9V #RBA #Economics #Westpac

For many startups and small businesses, legal costs and business admin can be among the biggest drains on time and resources. Westpac is looking to help entrepreneurs better manage these pressures via a partnership with Lawpath, an online platform that provides businesses with access to affordable legal services, as well as accounting and compliance technology solutions. #sme #smallbiz Read more: https://lnkd.in/ghf4mgdc

💵🫏A money mule is someone who transfers or moves illegally acquired money for someone else. Criminals recruit money mules to move funds or clean the dirty money they've obtained via criminal activities such as drugs, human trafficking or fraud and scams. Unfortunately, new migrants to Australia are particularly vulnerable to acting unwittingly as money mules. In the latest Scam Spot, Westpac’s Head of Fraud Prevention Benjamin Young shares some tips on how to avoid falling into the trap. Full story - including translated videos in Hindi and Mandarin - here: https://lnkd.in/gB3fetvE #FraudPrevention #Scams