208

Lending volume is picking up at marketplace lender Marketlend, with the benefits of comprehensive insurance cover attracting larger investments, allowing the newcomer to fund larger loans. read more

The New Payments Platform for Australia is now three months into the build phase, and "still on schedule for the second half of 2017," Paul Lahiff, independent chair of the NPP Steering Committee.. read more

A busy program of investment in customer facing systems will remain a priority for Newcastle Permanent Building Society, Australia's second largest mutual. read more

In the Brisbane District Court on Friday, one perpetrator of a A$13 million fraud on Westpac was sentenced to seven years in prison. The court had earlier convicted former Kleenmaid director Gary Arms.. read more

ANZ's chief financial officer Shayne Elliott will step up as chief executive of the bank from the beginning of January 2016. He replaces Mike Smith, who spent more than eight years at the helm. read more

ANZ's chair, David Gonski started out yesterday's investor briefing on the selection of Shayne Elliott as CEO by saying the board "wanted someone who knew ANZ well." read more

The flood of challengers in banking services pitches to a target market rich on cynicism and "disinterested in banks," according to a report from Claro Partners and Anthemis Group. read more

One encounter produces an anecdote and not a trend, yet may throw up ideas to consider. read more

Penalty rates will be cut for Saturday afternoon work at Bendigo and Adelaide Bank under a new enterprise agreement to be voted on by staff next month. read more

Pooling of capability has taken a new turn in the mutual bank sector, with P&N Bank soon to white label the People's Choice Credit Union website. read more