Y launch digital YBR brand 29 September 2021 5:15AM Yellow Brick Road is planning the launch of a digital brand, Y Home Loans, to meet what it sees as growing demand for online home loan sales. read more
Open banking benefits ‘years away’ 29 September 2021 5:14AM More than a year after Australia’s Consumer Data Right was launched with open banking, only a tiny proportion of consumers have used it and some potential commercial users are sticking with older ways.. read more
eftpos moves into digital identity 28 September 2021 6:09AM eftpos has entered the emerging digital identity market, announcing that a business it owns called connectID has been accredited to operate a digital identity exchange. read more
SME Recovery Loan Scheme 3.0 prepares for launch 28 September 2021 6:08AM Josh Frydenberg’s latest version of the SME Recovery Loan Scheme takes effect on Friday, October 1, and the Treasurer will be hoping it’s ‘third time lucky’. read more
Comment: there’s a big hole in bank ESG reports 27 September 2021 5:13AM A concerning omission from both the ANZ and Westpac ESG presentations over the past couple of weeks was any reference to their compliance with the Banking Code of Practice. read more
Worrying signs for BOQ as ME goes backwards 27 September 2021 5:07AM ME Bank’s new owner has some work to do to get its acquisition firing, after ME lost ground in mortgage and personal lending, and credit cards in the year to June. read more
ANZ and CBA take different routes on mortgage stress 24 September 2021 6:32AM The CEOs of two of Australia’s big banks say they are concerned about signs of growing mortgage stress but they are taking different approaches to dealing with it. read more
Bullock monsters mortgage mob 23 September 2021 6:14AM The Reserve Bank’s Michele Bullock yesterday foreshadowed a potential pivot to macro-prudential tools that address serviceability of loans and the amount of credit that can be obtained by individual b.. read more
Westpac tips the balance to renewables 22 September 2021 6:48AM Westpac outlined a clear move away from mining exposures to “climate change solutions” in an ESG market update yesterday, and said the trend would continue. read more
‘Abusive payments’ a growing concern 22 September 2021 6:48AM Banks are having to censor abusive and threatening messages attached to electronic payments. read more