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Digital-only mortgage lender Tic:Toc has locked in long-term funding, after Bendigo and Adelaide Bank agreed to a seven-year extension of their funding deal. read more

APRA is sticking with its approach to capital buffers, but it has given some ground on capital requirements for higher risk mortgage lending. read more

The Australian Financial Security Authority presented further evidence of the resilience of the Australian economy during the first year of COVID yesterday, reporting that personal insolvencies in the.. read more

ASIC is appealing last month’s Federal Court judgment which dismissed an application by the regulator alleging breaches of consumer credit provisions by Cigno Pty Ltd and BHF Solutions. read more

Westpac’s first contract under its bank-as-a-service offering came to fruition yesterday when Afterpay launched Money by Afterpay. read more

Westpac has withdrawn banking services from eight fintechs over the past year, the bank has disclosed in response to a question on notice from a Parliamentary committee. read more

US group Discover Financial Services will invest US$30 million in buy now pay later company Sezzle and the two companies will develop a BNPL “network solution” on the Discover global network. read more

Westpac New Zealand subsidiary Red Bird Ventures has entered into a joint venture with humm group and as part of the deal Westpac NZ will promote humm’s bundll product with preferential benefits. read more

NAB is in talks with Citigroup about acquiring Citi’s Australian consumer banking business. read more

Australian businesses, including financial institutions, make only limited use of best practice fraud detection and mitigation systems, with many still relying on manual processes. read more