iSelect losses blow out tenfold 28 August 2020 6:09AM Comparison site iSelect suffered a double blow over the past year, as changes to energy market regulations had a negative impact on its Energy Watch division in the first half of the year and changes.. read more
Flexigroup trades margin for growth in big BNPL push 27 August 2020 6:22AM Consumer finance company Flexigroup is changing its name to humm, reflecting a greater focus on its buy now pay later businesses humm and bundll. And it has launched an equity issue, seeking funds to.. read more
Credit risk impact ‘minimal’ for QuickFee 27 August 2020 6:13AM Lender QuickFee has a business model that has largely isolated it from increased credit risk so far during the pandemic recession. read more
Xero a lender 26 August 2020 5:51AM Accounting software company Xero has entered the finance market, with the acquisition of local invoice finance company Waddle. read more
MoneyMe’s baptism of fire 26 August 2020 5:33AM Online consumer lender MoneyMe had a volatile first year as a listed company, with a 34 per cent increase in impairments and a 57 per cent increase in loan write-offs. read more
Cashwerkz moves into bonds 25 August 2020 6:00AM Cashwerkz has launched a new service offering bonds and other fixed income products to wholesale investors and financial advisers. read more
Afterpay makes its move in Europe 25 August 2020 5:47AM Afterpay is expanding its business in Europe with the acquisition of Pagantis, a buy now pay later and credit provider that operates in Spain, France and Italy. read more
Cerberus snaps up another local finance company 24 August 2020 5:47AM Westpac has entered into an agreement to sell its Vendor Finance business to Angle Finance, which is part of global asset manager Cerberus Capital Management. read more
Westpac removes branch staff incentives 21 August 2020 6:44AM Westpac is removing incentive payments from the remuneration of branch and customer care employees, saying it is part of a move to strengthen its focus on customer service. A permanent fixed pay incre.. read more
Securitisation Perpetual’s bright spot 21 August 2020 6:42AM Debt market services was the standout business for Perpetual Ltd in 2019/20, thanks to strong growth in the securitisation market. read more