Credit decisions trend towards AI

Large banks and telcos are intending invest further in artificial intelligence platforms according to a new report from data analytics and consumer credit reporting company, Experian. read more

Poor AI practices weighs on consumers' trust

A newly released Deloitte report has warned that consumer trust has taken a nosedive over perceptions that personal information is poorly managed across a range of major industry and government sector.. read more

CBA results at a glance

CBA reported statutory net profit after tax of A$9.48 billion for the year to 30 June 2024. This was down 6 per cent on the previous year's result, and 4 per cent below the first half of FY24. read more

MoneyMe builds loan book, cuts margins

Digital lending outfit MoneyMe released its fourth quarter trading update, showing a return to growth for its loan book, although gross revenue remained steady at A$54 million (up by $1m on 3Q24, and.. read more

ABS firsts: MoneyMe and Household Capital

A couple of more unusual securitisation deals were finalised yesterday. Neither is notable for its absolute size, but these are both firsts in their more specialised patches of the lending landscape –.. read more