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Banks attributed 93 per cent of code breaches to human error in 2017/18, and 91 per cent of cases in 2018/19. And banks still place productivity ahead of good customer outcomes. read more

Wisr’s warehouse funding facility has been increased to A$350 million, less than six months after it was increased five-fold to $250 million. read more

Debt buyer Pioneer Credit’s plan to get its business back on track in the December half, after more than a year spent recapitalising the business, was thwarted by a marked slowdown in lenders selling.. read more

Commonwealth Bank has received accreditation to operate as an approved data recipient under the Consumer Data Right, making it the first bank to be a data holder and an ADR in the open banking system. read more

SME lending has been a tough market for specialist lenders, as the December half results for Prospa Group show. read more

Continuing strong deposit flows allowed banks and other ADIs to cut savings rates further in February, with short-term term deposit rates on offer from one bank dropping below the cash rate. read more

The value of new mortgage commitments rose 10.5 per cent in January, with new loans to owner occupiers up 10.9 per cent and loans to investors up 9.4 per cent, according to the latest Australian Burea.. read more

The business credit market remains weak, despite the introduction of the SME loan guarantee scheme and other stimulatory measures put in place last year. read more

The overhaul that Cashwerkz made to its business last year, with moves into bond brokerage and asset manager incubation, resulted in a cost blowout that has raised a question as to its viability. read more

Yellow Brick Road will launch a television campaign in coming weeks, promoting the first product of its securitisation program. read more