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The expansion of the asset-backed securities market continues, with business lender Prospa completing its first public ABS issue. It joins Plenti and Wisr as new ABS issuers this year. read more

At least 150 of FinTech Australia’s members have found themselves stranded and de-banked at some stage – a number a few times, and one crypto outfit 90 times! The fintech set, however, baulk at the id.. read more

The level of riskier mortgage lending jumped in the June quarter as rising house prices pushed more borrowers into the high debt-to-income bracket. read more

Although lending to trustees of self-manage superannuation funds to finance investments grew by 12 per cent over the past 12 months, SMSF lending remains a niche product offering. read more

The buy now pay later sector needs to be regulated so that it is forced to provide adequate consumer safeguards. read more

New mortgage lending to owner occupiers was down in July, the second month in a row this segment of the housing finance market has contracted. Meanwhile, external refinancing was the highest it has ev.. read more

Latitude Group is diversifying its capital structure, with the launch of its first capital note issue. The expected margin is well above the pricing of recent Suncorp and Macquarie deals. read more

Banks’ household deposit balances grew by 2.3 per cent in July (27.6 per cent annualised), according to the latest APRA data, and this strong flow is giving ADIs scope to keep cutting rates. read more

Buy now pay later company Sezzle made a provision of $22.4 million for uncollectable accounts in the six months to June – equivalent to a little under half its income for the half-year and 22 per cent.. read more

The board of instalment payment provider Splitit has axed the company’s chief executive of two years, Brad Paterson, saying “a proactive change of leadership” was necessary “to continue building on it.. read more