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The Bank of Queensland’s latest Pillar 3 report, released yesterday, shows the credit quality of the bank’s residential mortgage portfolio improved over the three months to the end of November. read more

Australian financial institutions planning to invest in business innovation have given top priority to embedded finance and ESG, according to new research. read more

The Federal Court has found that a lack of “direct participation” by senior managers of a debt repair company in misleading or deceptive conduct by the company’s customer-facing workers is not a mitig.. read more

Lender Metrics Credit Partners, which moved to a 52.5 per cent holding in Payright earlier this month, has acted quickly to overhaul the board and management of the struggling buy now pay later compan.. read more

Mortgage aggregator Finsure has entered the consumer data right world and has started providing its brokers with open banking data for use in processing loan applications. read more

Fintech Change Financial has secured an Australian financial services licence, opening the way for the company to offer its payments-as-a-service product in the local market. read more

After a bumper year in 2021, when the Australian securitisation market recorded around A$60 billion of transactions, issuance fell back to around $54 billion last year.  read more

As trouble-plagued EML Payments embarks on significant changes to its business, flowing from last year’s strategic review, it has parted company with its chief financial officer Robert Shore. read more

The Minister for Financial Services’ reaction to the year’s biggest non-event – the lacklustre performance of the CDR – is to call for a new name to replace ‘Consumer Data Right’. read more

ANZ shareholders approved a restructuring of the bank at a scheme meeting yesterday, which will see the group’s banking and non-banking business split into two separate companies. read more