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Buy now pay later company Openpay faces an uncertain future, with material uncertainty about its ability to continue as a going concern triggering a review of its A$65 million Australian receivables f.. read more

Consumers might feel that they have been short-changed by their banks on deposit rate changes, with increases on average well below the rise in the cash rate since May, but business customers have far.. read more

Sydney’s Digital Finance Cooperative Research Centre in Sydney which, along with the initial participation of seven universities has attracted a total of 25 partners, including the Reserve Bank, ANZ,.. read more

After selling its mortgage aggregation business Finsure earlier this year, BNK Banking Corporation plans to develop an SME lending business in pursuit of growth and higher margins. read more

The government has begun the work of simplifying and clarifying corporate and finance law that was recommended by the Hayne royal commission. read more

Specialist lender QuickFee is pushing ahead with investment in the business, despite mounting losses and growing questions over the buy now pay later business model.  read more

Lender Pepper Money reported strong growth in its mortgage and asset finance books in the six months to June but it was asset finance that was the key to the company’s growth in revenue and earnings. read more

Banks need to focus more on the climate risks in their mortgage portfolios, which have increased with the growing frequency and severity of floods, storms and fires, the Reserve Bank says. read more

New Zealand’s Heartland Group wants to get into the Australian banking market and has made initial moves to buy Avenue Bank. read more

MyState Ltd has priced an issue of capital notes, its inaugural issue of additional tier 1 capital, raising A$65 million. read more