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A widely touted IPO of digital payday lender Beforepay is likely to attract meticulous scrutiny from investors after the company reported a sharp deterioration in its financial performance. read more

A raft of Australian and New Zealand financial services companies are monitoring an FBI investigation into Shenzhen-based merchant terminal provider PAX Technology after leading global payments provid.. read more

Commonwealth Bank is about to test to the viability of business models underpinning buy now pay later monoliners such as Afterpay after announcing that it will pay merchants for using its recently lau.. read more

National Australia Bank has decided to make a big pitch for new residential borrowers with fat deposits after slashing one of its variable home loan rates on Wednesday. read more

More than a year after entering a definitive agreement to sell its St Andrew’s Insurance subsidiary, Bank of Queensland has finally secured regulatory approval for the deal. read more

Westpac and Bank of Queensland will be the first banks to strengthen home lending assessments in line with recent changes to APRA’s expectations on interest rate buffers. read more

Business groups and payments experts have panned the Reserve Bank’s policy stance on least cost routing, saying the final recommendations of the regulator’s retail payments review are inadequate. read more

Bendigo and Adelaide Bank is stepping up a program to rationalise its stable of banking brands, after notifying customers of its Delphi Bank subsidiary that they would be migrated to Bendigo branded p.. read more

Tight cost management and special merger fees collected from shareholders and industry stakeholders pushed NPP Australia Limited to an improved bottom line for the year to the end of June. read more

ASIC appears to be intensifying its crackdown on illicit practices within the debt collection industry after launching court action against Sydney-based Ultimate Credit Management Group. read more