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MLC Wealth outlined a simpler structure of its Advice groups and fees, as work towards its proposed exit from the NAB Group inch forward. read more

2Q19 saw challenger banks raise US$649 million across 17 deals. Funding is on track to see a further $1 billion-plus deployed to challenger banks, CB Insights reports. read more

The looming chaos from Brexit kept the small and midmarket corporate customers of foreign exchange trading firm OFX out of the market. read more

One of Europe's largest fintechs, the specialist SME trade finance and foreign exchange services provider Ebury Partners, has quietly established a permanent presence in Australia. read more

Suncorp has drawn a line under its overly ambitious plan to become the Amazon of financial services. The company plans instead to divert its tech expertise into piecing together a digital bank to cut.. read more

Open Banking in Australia moved a step closer to realisation yesterday with the passage of the Consumer Data Right Bill through federal parliament. read more

More than 4.4 million applications for consumer credit are expected in the next six months, according to analysis by Equifax. More than half of these will be from consumers looking to change providers.. read more

ME Bank has followed most of the nation's home lenders in moving to align its home lending policy with APRA's serviceability guidance changes. read more

Australia's residential property market is unlikely to drop further - with a few notable exceptions - according to a panel discussion organised by Standard & Poor's in Sydney. read more

ASIC has commenced action against ANZ, alleging it levied fees totalling more than A$50 million on periodic payments made by customers transferring between their own accounts, even though the bank kne.. read more