Novatti hasn’t given up on a banking licence

Payments fintech Novatti Group will press ahead with its application for a banking licence, despite APRA’s announcement last month that it will impose stricter requirements on applicants for ADI licen.. read more

Fixed mortgage rates rise

Rising bond yields and the expectation that lenders’ funding costs may increase are starting to have an impact in the mortgage market, where a few lenders have increased longer term fixed rates. read more

Banjo targets micro businesses

Small business lending start-up Banjo Loans has diversified its product range, hoping to capitalise on the post-COVID recovery with a short-term working capital loan for micro businesses. read more

AFCA calls for more powers

The Australian Financial Complaints Authority wants to increase its compensation cap for non-financial loss, extend its jurisdiction over small business insurance complaints and have greater power in.. read more