NSFR is not RMBS friendly, bankers warn 22 November 2016 5:26PM Bank treasurers and structured finance heads who have been looking at the net stable funding ratio requirements say it's not good news for the securitisation market. read more
Android NFC no match for Apple's, plead banks 21 November 2016 4:47PM In their ongoing wrangle with Apple, Australian banks insist that relying on the Android platform for a digital wallet is a hopeless option. They warn that, if forced down that path, local wallets wou.. read more
Poor credit reporting practices are the ombudsman's biggest issue 18 November 2016 4:35PM Complaints about credit reporting errors made up almost one-third of disputes taken to the Credit & Investments Ombudsman over the past year, overtaking complaints about financial hardship applica.. read more
Citi takes over Coles' credit card operations 18 November 2016 4:34PM Citi has signed a ten-year deal credit card deal with Coles and will take over 500,000 accounts with A$880 million of receivables. read more
Margin lending market's long fade out 18 November 2016 4:33PM The margin lending market continued its long-term decline in the September quarter, with loan balances and the number of accounts falling. read more
High Court upholds appeal court ruling on Timbercorp Finance borrowings 17 November 2016 5:10PM The High Court has upheld a ruling of the Court of Appeal of the Supreme Court of Victoria in a matter involving the liquidators of Timbercorp Finance and several of its borrowers. read more
Thorn's run of outs continues 17 November 2016 5:08PM Thorn Group is working to turn around its trade and debtor finance division, which suffered a 28.2 per cent fall in earnings. read more
FSB tells regulators to take a closer look at fintech 17 November 2016 5:07PM The Financial Stability Board has called on regulators to be "vigilant" and actively monitor the effects that fintech innovations are having on products and services. read more
Cuscal's decision to sign with Apple a matter of customer demand 16 November 2016 5:17PM Cuscal chief executive Craig Kennedy said it was a simple decision for the payment services provider to press ahead with its agreement with Apple to make Apple Pay available to its clients. read more
OFX 'accelerate strategy' goes into reverse 16 November 2016 5:14PM Last year OFX launched its "accelerate strategy" but so far there has not been much forward movement. read more