Klarna launches an Aussie loyalty program

Buy now, pay later player Klarna has launched a customer loyalty program in Australia that the global fintech said will be rolling out over coming weeks – ahead of all of its European markets. read more

Loan losses will be 'muted': S&P

The recovery for Australia's banks will be "a drawn-out affair" as they struggle to regain pre-COVID earnings metrics, even as credit losses recede, S&P has warned. read more

Abandon LIBOR now, avoid the rush

Financial institutions and other entities that have relied on LIBOR and similar interest rate benchmarks for pricing loans and derivatives should already be transitioning to alternative risk-free rate.. read more

Busy week in the securitisation market

Lenders were active in the securitisation market last week, with Bluestone and RedZed Lending Solutions completing issues of residential mortgage-backed securities and Liberty Financial pricing a secu.. read more

Novatti lifts revenue, losses

Aspiring digital bank Novatti has averaged 50 per cent annual revenue growth for each of the last three years, but is yet to make a profit. read more