Genworth renews CBA contract 31 October 2019 5:16PM Genworth Mortgage Insurance Australia has renewed its lenders mortgage insurance contract with Commonwealth Bank. The contract is critical for Genworth, as it accounts for 53 per cent of the insurers.. read more
Elder financial abuse getting worse 30 October 2019 5:08PM Dealing with cases of elder financial abuse is difficult because victims are reluctant to make the issue public, according to a senior bank executive. read more
Wisr NAB warehouse program 30 October 2019 4:59PM Consumer finance company Wisr has established a debt warehouse program, with funds provided by NAB. read more
Thorn hires a new CEO 29 October 2019 4:49PM The former COO and co-CEO of FlexiGroup is new CEO of Thorn. read more
APRA outlines capital treatment of FHLDS loans 29 October 2019 4:47PM The banking regulator plans to adjust its capital requirements to support the new First Home Loan Deposit Scheme. read more
Citi to create credit products for PayPal 25 October 2019 5:01PM Citi Australia has signed its second white label credit contract in a month, announcing this week that it will develop credit products for PayPal. read more
Westpac discloses more misconduct expenses 24 October 2019 5:05PM Westpac will take a $1.1 billion hit to its bottom line when it announces its 2018/19 results next month, largely as a result of misconduct. read more
Bank branches and ATMs in decline 24 October 2019 5:02PM Close to 10 per cent of the branches operated by banks and other authorised deposit-taking institutions have disappeared over the past two years. The loss of ATMs is even bigger, at more than 16 per c.. read more
Open Banking privacy rules released 24 October 2019 4:52PM An extensive set of privacy safeguards that will accompany the introduction of the Consumer Data Right, including Open Banking, will be legally binding statutory provisions. read more
Worldpay is coming 23 October 2019 4:46PM What may prove to be a big change in the local payments industry went little noticed in July, when the US payments processing and technology company Fidelity Information Services acquired rival paymen.. read more