36

Payments company Novatti has announced that it will launch an Australian dollar-backed stablecoin, to be called AUDD, next month on the Stellar blockchain. It is the third such announcement it has mad.. read more

Bank of Queensland chief executive George Frazis says his aim is to grow assets a little above system, optimise margin and grow revenue, but the group’s 2021/22 financial report shows just how hard it.. read more

Borrowers who refinanced their home loan with another lender in the past year will save an average of A$1908 a year making the switch. read more

Pepper Money priced its seventh public securitisation of 2022 yesterday and, despite reports of UK investors selling off their Australian RMBS holdings and disrupting the market, pricing was little ch.. read more

Refinancing is going through the roof as borrowers shop around for better deals. read more

Lacking up to date data and much conviction beyond yielding to the strategic priorities of the industry, Friday’s final report of the Regional Banking Taskforce is a tepid read. read more

Thorn Group shareholders have voted in favour of a share consolidation and a return of capital – the latest in a series of capital management initiatives the company has made this year as it rebuilds.. read more

Four lenders cut variable home loan rates in the past week, in a sign that competition is providing a counterweight to the rising cash rate. read more

Buy now pay later company Openpay has rolled over two of its three debt facilities, but its future remains uncertain with its biggest facility still under review. read more

Money laundering and terrorism financing risk mitigation strategies in the bullion dealing sector are not up to scratch, AUSTRAC said in a review of the sector. read more