The ‘super app’ is here 21 June 2022 5:54AM Douugh Ltd, which is in the business of developing personal financial management tools, has launched a trial of its financial “super app” in Australia and has flagged a full market launch later this y.. read more
SMEs resilient, lender says 20 June 2022 6:11AM Judo Bank’s latest SME Banking Insights reports that, overall, SMEs are resilient in the face of rising inflation and interest rates. read more
Household liquid assets match household debts 17 June 2022 5:48AM Household liquidity buffers have increased significantly in recent years, helping households avoid mortgage and other debt stress. read more
Corporate borrowers well placed as rates rise 17 June 2022 5:46AM Australian corporates are well placed to meet their debt obligations, in the face of rising interest rates and a softer economic outlook, according to new research. read more
Bank fees fall 17 June 2022 5:45AM A broad range of household, business and government bank fees fell in the year to June 2021, due to a combination of lower activity in some markets and fee reductions in others. read more
Macro policy: APRA tells ADIs be prepared 16 June 2022 6:09AM APRA has spelled out the measures it will use to set macroprudential policy, which involves limiting certain types of lending, to ensure that authorised deposit-taking institutions have systems in pla.. read more
Nano plans global SaaS expansion 15 June 2022 5:45AM Digital mortgage lending start-up Nano was in the news last month, when AMP Bank announced that it would use Nano’s technology to develop its own digital mortgage product, and now the company has reve.. read more
Insolvencies a growing problem for AFCA complainants 14 June 2022 6:15AM The Australian Financial Complaints Authority has had to pause 2447 complaints, involving claims worth around A$376 million, because the firms involved are insolvent. read more
Lenders raise home loan rates by 50 bps 14 June 2022 6:10AM A week after the Reserve Bank raised the cash rate 50 basis points to 85 bps, all big four banks have passed on the full increase to home loan customers and most other lenders have passed on the rate.. read more
Cryptocurrency ‘cannot fulfil the role of money’ 14 June 2022 6:09AM In the wake of the collapse of the Terra blockchain last month, monetary authorities are taking a more critical look at the prospects of cryptocurrency ever becoming a widely used monetary system. read more