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Commonwealth Bank will make a “partial transfer” of its CBA branded financial planning business, Commonwealth Financial Panning, to AIA Australia, the local arm of Hong Kong based insurer AIA Group. read more

Financial Counselling Australia has called on Afterpay to pull an ad featuring actor Rebel Wilson explaining the “benefits” of buy now pay later to a young girl. read more

The number of banks and other authorised deposit-taking institutions accredited as providers for open banking is growing but only two of those ADIs are also accredited as data recipients - the entitie.. read more

Bank of Queensland’s impaired residential mortgages grew 62 per cent in the three months to May. read more

Westpac’s planned sale of its Pacific businesses has hit a roadblock, with Papua New Guinea’s Independent Consumer and Competition Commission saying it proposes to deny authorisation to Kina Securitie.. read more

Business insolvency numbers were up 23 per cent in the June quarter, compared with the June quarter last year, according to the latest Equifax Quarterly Business Credit Demand Index. read more

Rent-to-own startup OwnHome has moved closer to launching its product, following the completion of an A$3.6 million capital raising. read more

Measures of household financial stress are about as numerous as the research bodies that collect the data and report on them. It makes for a fertile but tricky field of analysis, and now a new player.. read more

The Treasury has started laying the groundwork for the extension of the Consumer Data Right beyond open banking and energy, issuing a consultation paper on the application of CDR to telecommunications.. read more

Zip Co doubled its revenue in 2020/21, while still maintaining what it claims is a revenue margin that leads the buy now pay later sector. Its US business was the big driver of growth. read more