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NAB Ventures has participated in a A$15 million capital raising for London fintech Banked, which claims to be “building a next-gen payment network”. read more

A leading financial counselling service says buy now pay later debt has become pervasive among its clients and more people are cutting back on essentials to service BNPL debt. read more

Three of the major banks have agreed to pay a total of A$126 million to settle class action claims alleging mis-selling of consumer credit insurance. read more

RedZed Lending Solutions priced its third issue of residential mortgage-backed securities of 2022 last week, keeping pricing in line with its previous transaction in July. read more

Financial services companies have consistently reported among the highest number of data breaches data breaches of all industry sectors since Australia’s Notifiable Data Breach scheme was introduced i.. read more

NAB reported a net profit of A$6.9 billion for the year to September – an increase of 8.3 per cent over the previous year. read more

OFX’s first foray into the M&A market appears to be paying off, with the company reporting a strong pick-up in revenue and earnings in the six months to September. Corporation. read more

The Financial Regulator Assessment Authority’s review of APRA will focus on the effectiveness and capability of its supervision of the superannuation industry. read more

Westpac reported a net profit of A$5.7 billion for the year to September – an increase of 4.3 per cent over the previous year. On a cash basis, after excluding notable items, the bank’s profit fell 1.. read more

Westpac’s multi-year project to fix its risk governance, the CORE program, continues to face delivery risks because of capacity constraints, independent reviewer Promontory Australia reported in its l.. read more