Let’s get ‘phygital’, customers tell their banks 29 April 2022 5:59AM Retail bank customers want their banks to give them “personalised experiences”, including non-financial services, and consistent service across all channels, according to new research. read more
DeFi, NFT emerging financial crime risks 28 April 2022 6:18AM Austrac has included decentralised finance and NFTs in a list of emerging risks in its latest financial crime guide, saying the increase in their use has created opportunities for money laundering and.. read more
CBA’s green home loan: conditions apply 28 April 2022 6:16AM In a move to “reward customers who are taking steps to reduce their environmental footprint”, Commonwealth Bank has launched a Green Home Offer at 1.99 per cent. read more
Consumer lending picks up strongly 27 April 2022 5:10AM Two consumer lenders, Wisr and Credit Corp, issued market updates yesterday showing a strong recovery in personal lending this year. read more
Collection House completes recapitalisation 27 April 2022 5:08AM Debt buyer and collector Collection House has completed a recapitalisation that will leave it largely debt free but with a greatly diminished business. read more
EML cuts earnings guidance 27 April 2022 5:05AM EML Payments is having trouble shaking off the impact of its run-in with the Central Bank of Ireland last year, reporting in a trading update yesterday that it is still paying high remediation costs. read more
Westpac fined $40m for ‘death advice’ 26 April 2022 5:32AM Justice Beach on Friday handed down his decision in the last of six separate civil penalty proceedings filed by ASIC against Westpac in November 2021 penalising Westpac A$40 million for charging advic.. read more
Earlypay issues trade receivable notes 20 April 2022 6:12AM Business finance company Earlypay has issued A$30 million of notes to fund its move into the trade finance market. read more
Banks bet on rising rates to improve margins 20 April 2022 6:09AM A cash rate of around 1 per cent by the middle of next year, which is within conservative forecasts, would be enough to provide banks with near-term margin upside of as much as 12 basis points. read more
Westpac launches pricing for risk on consumer loans 14 April 2022 6:23AM Westpac has introduced personalised rates for unsecured personal loans, offering borrowers a rate based on their credit score and the loan details. read more