Toyota Financial Services is to offer a "personalised interest rate approach" for its car loans, based on 14 unique criteria of the customer. TFS stated this "more tailored approach" was developed ahead of legislative changes by ASIC, effective from 1 November, in which the lender, not the car dealer will have responsibility for determining the interest rate on a car loan. The CEO of Toyota Financial Services, John Chandler, said use of this new algorithm would result in "a more appropriate interest rate as it is based on [an individual's] circumstances, rather than a rate card, which places customers in broad interest rate bands". CBA has applied for a Dutch banking license and plans to move at least 50 staff to Amsterdam, as it puts into motions plans to prepare for Brexit, reports the FT. The Amsterdam-based staff will oversee EU passporting functions (which enable banks in one EU country to provide services across the whole of the EU). Macquarie Group has chosen Dublin for its passporting hub, while Westpac is reportedly considering Frankfurt and NAB said it was still considering options. Futurist and fintech entrepreneur Brett King has joined digital neobank Xinja as a permanent adviser, reports The Australian.