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Growth in mortgage lending continues to slow but the annual rate of growth in business loan portfolios is twice the rate of growth of mortgage portfolios. read more

Record demand for gold by central banks in 2022 may be matched this year, with a quarter of central banks indicating that they plan to increase their gold reserves in the year ahead. read more

A change to a key definition in the revised ePayments Code, which took effect on June 2, threatens to further weaken already inadequate scam detection and prevention offered by financial institutions. read more

Business finance company Earlypay reported yesterday that it is taking longer than expected to recover its funds from a large, failed debtor, building materials company RevRoof Pty Ltd, and that it ha.. read more

The Australian Securities and Investments Commission has followed up its stop order preventing humm selling its buy now pay later product with details of its latest BNPL industry review, focusing on c.. read more

After enjoying its first month of growth in over a year in March, the mortgage market was down again in April. read more

A trial cross-border payment using eAUD, the Reserve Bank’s pilot digital currency, proved its value by speeding up the process, making it more transparent and reducing counterparty risk, the pilot pa.. read more

High inflation and interest rates are starting to hit household budgets hard, with the Australian Financial Security Authority reporting a sharp increase in personal insolvency numbers in the March 20.. read more

Finance company Thorn Group, which sold its consumer finance business Radio Rentals in 2021, is now negotiating to sell its asset finance business. read more

Islamic financial services companies Hejaz Group and Islamic Bank Australia have formed a strategic partnership, with plans to take their businesses global. read more