CUA invests amid margin pressure 18 March 2020 5:09PM The combination of margin pressure from falling interest rates and increased investment in member services resulted in a 7.9 per cent fall in CUA Group's net profit for the six months to December. read more
Cirralto throws its hat in payments ring 18 March 2020 5:05PM ASX-listed IT company Cirralto Ltd is entering the payments market, announcing yesterday that it will offer merchant acquiring and payments processing services. read more
Debt collector fined $500,000 18 March 2020 5:04PM Debt collection agency Panthera has been fined $500,000 for "unduly harassing consumers" over debts they did not owe. In one case it misled the consumer. read more
Fintechs seek to calm market on funding 17 March 2020 5:04PM Among the financial services companies updating the market on their financial positions yesterday were loss-making fintechs keen to reassure investors that they had sufficient funding to maintain thei.. read more
Collection House rethinks recovery practices 17 March 2020 4:58PM Debt buyer Collection House is moving to what it calls a more "customer focused" approach it its business, in response to demands from clients and consumer groups that it change its punitive approach.. read more
Cash Converters CFO quits after four months 17 March 2020 4:56PM Cash Converters chief financial officer Michael Murphy has handed in his notice just four months after his appointment. read more
More c-suite changes at Suncorp 16 March 2020 5:28PM Changes in the executive ranks at Suncorp keep coming. Chief information officer Sarah Harland will leave the company at the end of this month. read more
Macquarie withdraws hybrid offer 16 March 2020 5:26PM Macquarie Bank has joined National Australia Bank in withdrawing hybrid security offers, with both citing market volatility and its likely impact on the price of the notes once they listed. read more
RentPay to go ahead with reduced funding 16 March 2020 5:18PM Rental property website operator and aspiring rental payments processor Rent.com.au will push ahead with the development of its RentPay business, despite having to scale back its capital raising plans.. read more
Another credit manager pulls capital raising 13 March 2020 5:08PM Credit fund manager Metrics Credit Partners has withdrawn an entitlement offer, citing "extreme market volatility" and will return more than $300 million to investors. It is the second time this month.. read more