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Credit bureau illion has launched a new risk rating service for credit providers based on consumers’ transaction histories. read more

Foreign exchange company OFX suffered a heavy COVID-related fall in its consumer business last year but its corporate business held up well. read more

Pepper argues that there are a number of underserved segments in the Australian finance market, including non-conforming mortgages, self-employed borrowers, the used car market and the leisure vehicle.. read more

Suncorp Bank is the latest bank to announce an extensive overhaul of its branch network, with 30 closures since September last year and more of the 83 branches that remain in operation scheduled to cl.. read more

ME Bank has been called out by the Banking Code Compliance Committee over the way it handled adjustments to its redraw accounts. read more

Treasury is planning to change the way joint accounts are treated under the Consumer Data Right rules, moving from an opt-in approach to data sharing to an opt-out approach. read more

Westpac has announced an ambitious plan to cut its operating costs by around 40 per cent by 2024 and has flagged that branch and staff numbers will fall. read more

Westpac reported a net profit of A$3.4 billion for the six months to March – an increase of 189.2 per cent over the previous corresponding period. read more

While most consumer credit providers are turning to buy now pay later offerings in the search for growth, American Express still sees opportunity in the credit card market. read more

Westpac, ANZ and NAB report their interim results this week and analysts expect their earnings to show the benefit of lower funding costs, lower bad debt charges, the possible release of collective pr.. read more