Bankers take issue with ombudsman over business reality 24 May 2018 5:10PM The focus of day three of the third segment of the Hayne royal commission was on lending to people who buy a franchise, the role of guarantors, external income and security for loans - and how the ban.. read more
Regional banks prepare for royal commission spotlight 24 May 2018 5:09PM The Queensland regional banks with specialist lending sections will be tested today in the Hayne banking royal commission starting with a case study from Suzanne Riches, an Adelaide school teacher. read more
Lending Express secures angel funding, takes on US market 23 May 2018 5:09PM Lending Express, a fintech claiming bragging rights as "the only AI-powered marketplace for business loans", today announced the securing of an US$2.7 million investment round, led by Entrée Capital,.. read more
'Community expectations' moving up the agenda 23 May 2018 5:06PM One message emerging from the Actuaries Institute Financial Services forum is that the financial services industry as a whole needs to take fairness into consideration, not just remain within the law. read more
ANZ sells out of Cambodian joint venture 18 May 2018 4:44PM ANZ Group has reached an agreement to sell its 55 per cent stake in Cambodian JV ANZ Royal Bank to J Trust, a Japanese diversified financial holding company. read more
Consumers in control of data 18 May 2018 4:42PM Deloitte's fourth annual Privacy Index, an assessment of the privacy practices of the top 100 brands in Australia, reveals that consumers gravitate towards brands that are transparent about what they.. read more
Australia Ratings shifts AMP further into the red zone 18 May 2018 4:41PM Independent local ratings agency, Australia Ratings has lowered the ratings it assigned to the AMP Subordinated Notes 2 and the AMP Capital Notes by two notches. read more
Thorn, Radio Rentals fined $2.2m for Credit Act breaches 17 May 2018 4:17PM Thorn Australia's Radio Rentals has been found guilty of contravening its responsible lending obligations by the Federal Court of Australia and was ordered to pay penalties and ASIC's court costs. read more
Fintechs push away from digital banks 17 May 2018 4:14PM A fintech discussion panel, presented as part of the CeBIT technology trade fair, was at pains to differentiate neobanks from digital versions of traditional banks. read more
Big banks set rules for start-up collaborators 17 May 2018 4:12PM Major banks need to lock in the most promising fintech ventures to come their way, although in advising hopeful start-ups to meet them partway both sides risk cultural mismatch, according to panellist.. read more