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Westpac has agreed to settle a class action relating to life insurance premium payments and faces a payout of as much as A$30 million. read more

ANZ has signed with open banking fintech Frollo, which will provide the bank with a consumer data right gateway service. read more

A new report says Australian banks’ commercial divisions are the most vulnerable to competition from fintechs and Big Tech because there has been widespread under-investment. read more

Gateway Bank is the first lender to offer Genworth’s monthly premium lenders mortgage insurance, giving borrowers the option of paying upfront or monthly. read more

Columbus Capital has followed up its record A$1.5 billion RMBS issue in February with a $418.8 million deal priced last week. read more

Global sustainable debt issuance of US$315 billion in the March quarter was triple the level of ESG debt flows in the March quarter last year, taking the size of sustainable debt on issue to US$2.2 tr.. read more

Australian banks are notably absent from the list of 43 founding members of the latest United Nations climate initiative, Net-Zero Banking Alliance. read more

COVID-19 relief measures have played their part is keeping consumers out of insolvency, with a significant drop in the number of personal insolvencies recorded in the March quarter. read more

ASIC has updated its guidelines for debt collection, emphasising the need for creditors and debt collectors to take a flexible approach to dealing with debtors and warning they must not threaten actio.. read more

Fintech Frollo is taking a lead in the open banking market, signing up comparison site Canstar, which will use Frollo’s personal financial management platform as the basis for a set of financial wellb.. read more