Digitisation project to cut cost of cheques

The Australian Payments Clearing Association will introduce new digital cheque imaging technology in June, paving the way for the physical exchange of cheques to be replaced by electronic transmission.. read more

GE Capital hangs out its unitranche shingle

GE Capital has signalled its intention to increase share in the local leveraged loan market, with a presentation at yesterday's AVCJ Private Equity and Venture Forum on its unitranche leveraged financ.. read more

Lower interest rates don't tempt business

Last month's interest rate cuts have had little impact on business plans to borrow. Among companies surveyed by Dun & Bradstreet last month about their outlook for the June quarter, only 19 per ce.. read more

CommSec market share falls

Commonwealth Bank's execution-only broking business, CommSec, suffered a further decline in its market share in the second half of 2014. read more

FlexiGroup buys NZ leasing company

Store finance company FlexiGroup has entered into a binding agreement to acquire Telecom Rentals, an IT and telecommunications equipment leasing company, from Spark New Zealand. read more

Sydney fintech hub to open in May

Sydney's fintech hub should be up and running by May, following the appointment yesterday of DEXUS Property Group as the property partner and former AMP chief executive Craig Dunn as the body's chair. read more