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Westpac will roll out a range of new online, point-of-sale and mobile payments upgrades over the next few months as it attempts to keep pace with rapidly changing banking and payments behaviour. Servi.. read more

Westpac management has insisted that its push for growth in the mortgage, business loan, personal loan and credit card markets will not be at the cost of margin or credit quality. read more

Mortgage lender La Trobe Financial completed its first securitisation deal on Friday, when it priced a A$102 million issue of residential mortgage-backed securities. A single domestic investor purchas.. read more

The introduction of comprehensive credit reporting this week has prompted an outpouring of boosterish pronouncements from credit reporting agencies and lenders, who say the new regime is a 'win-win' f.. read more

Lenders have resorted to talk of intense competition and deep rate cuts to create interest in a stagnant mortgage market where the cash rate has not moved for six months. However, a review of the data.. read more

Residential property investors went on holiday in January, triggering a fall in housing finance commitments for the start of the year. read more

Data analytics and credit reporting companies are lining up to offer lenders and consumers a range of new services as they adjust to the launch of comprehensive credit reporting this week. read more

Consumers lashed out in December with a rare double-digit monthly increase in credit card spending, but they were back to watching their budgets in January. Reserve Bank data showed the value of purch.. read more

The business of minding investor's funds has been a nice earner for custodians in the Australian market over the past six months. read more

Pepper Australia has recovered the ground it lost during the financial crisis, adding close to A$500 million of loans to its non-conforming portfolio last year. read more