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The union of consumer lenders MoneyMe and SocietyOne has produced its first offspring, with the launch of a transaction and savings account. read more

While the majority of mortgage lenders responded to the increase in the cash rate by hiking their variable rates by 25 bps, a few outliers have gone for broke. read more

The Australian Payments Network has released QR payments standards and guidelines in the wake of Woolworths’ introduction of QR code payment facilities in its stores earlier this month. read more

Consumer lender Plenti Group has taken the unusual step of including the movement in its expected credit loss provision in the adjustments it has made to get from a statutory loss in the year to March.. read more

AMP Bank is working with home loan start-up Nano to develop a digital mortgage. read more

Payments company Monoova has partnered with accredited data recipient TrueLayer to develop a PayTo offering that will tap into the consumer data right to provide additional account verification. read more

ING Bank has been knocked off its perch as the bank with the most satisfied home loan customers, after a big drop in its satisfaction rating over the past year. read more

The Federal Court has ruled that a former ANZ subsidiary holding an Australian financial services licence contravened the Corporations Act by not having adequate cybersecurity risk management in place.. read more

The Australian Financial Complaints Authority has introduced a “merit assessment” step in its complaints handling process, in a bid to make the process cheaper and faster. read more

Westpac reported a net profit of A$3.3 billion for the six months to March – a fall of 5 per cent compared with the previous corresponding period but up 63 per cent on the September half last year. read more