Regulators' innovation hubs work, says WEF 25 September 2015 4:21PM Fintech companies sceptical about the ability or willingness of regulators to support innovation in financial services should not be too quick to judge, a World Economic Forum executive says. read more
Veda says new credit reporting rules will stifle comprehensive reporting 24 September 2015 4:39PM Australia's biggest credit bureau operator, Veda, has attacked the rules being proposed for participants in the comprehensive credit reporting system, saying they will have a "stifling effect" on part.. read more
CFTC hits ANZ with a fine for reporting errors 24 September 2015 4:38PM The United States Commodity Futures Trading Commission has fined ANZ US$150,000 for failing to comply with reporting obligations. read more
BoA shareholders support combined CEO and chair 24 September 2015 4:37PM Bank of America shareholders have voted to allow chief executive Brian Moynihan to also hold the position of chairman, Reuters reports. read more
SMSFs increase deposit holdings 23 September 2015 3:36PM Self managed superannuation trustees have shrugged off the impact of falling interest rates this year and increased their holdings in at-call accounts and term deposits. read more
Sharp rates and hot competition in the mortgage market 23 September 2015 3:35PM The gap between mortgage rates offered by the big banks and the lowest rates in the market has widened over the past year, according to comparison site Mozo. read more
Banjo Loans joins the marketplace lending rush 23 September 2015 3:34PM Another marketplace lending hopeful, Banjo Loans, has hung out its shingle, promising to give the business finance market a shake. read more
Bryant fails to win a Money3 board seat 22 September 2015 3:57PM Former Money3 chief executive Rob Bryant has failed in his attempt to force his way onto the company's board. At a special general meeting of Money3 shareholders yesterday 44 per cent of valid votes w.. read more
ATO revision reveals a much bigger SMSF loan market 22 September 2015 3:57PM The Australian Taxation Office has revised its data for borrowing by self-managed superannuation funds, revealing that the SMSF loan market is much bigger than previously understood. read more
zipMoney aims to exploit gaps in the consumer finance market 22 September 2015 3:56PM Consumer finance contender zipMoney aims to grab a substantial slice of the point of sale finance market by exploiting several gaps in the market, according to its chief executive and co-founder Larry.. read more