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In the month after the humm launch, transaction volume for FlexiGroup's "buy now pay later" offering spiked by 22 per cent. read more

The Australian Office of Financial Management will host roundtables in Sydney and Melbourne this week to give industry a forum to discuss the development of the new Australian Business Securitisation.. read more

The Australian Prudential Regulation Authority says it is prepared to take its medicine, accepting all 19 recommendations of the Capability Review directed at it. read more

The Life Code Compliance Committee has issued the first sanction under the Life Insurance Code of Practice, calling out ANZ's OnePath Ltd for failing to implement agreed remedial action. read more

Banks and other financial institutions have been told to work harder on preventing fraudulent transactions, which were the subject of a significant number of complaints to the Australian Financial Com.. read more

Yellow Brick Road continues the rationalisation of its business activities, with the sale last week of its 50 per cent interest in Smarter Money Investments. read more

The government has cut the deeming rate in response to falling interest rates, saying 630,000 age pensioners and 350,000 other people receiving payments will benefit. But a leading seniors group said.. read more

Lending to business rose 12 per cent in May and is up 35 per cent over the year. And first home buyers now account for the biggest proportion of the market since 2012, so there are murmurs of a shift.. read more

Credit insurance is a product segment in decline, with the number of policies sold has fallen from 664,000 in 2014 to 190,000 last year. read more

Small business lender QuickFee has come up with a loan product that it claims takes credit risk out the equation. It has been operating in the local market for a decade and has now raised capital to m.. read more