RAB consolidates mutual mergers

Two northern NSW mutuals, Regional Australia Bank and Holiday Coast Credit Union, are in merger discussions, aiming to create a financial services player with assets of more than A$2 billion. read more

PEXA heads towards A$1.6m trade sale

An offer by a consortium to acquire Property Exchange Australia (known as PEXA) has been accepted by shareholdings totalling more than 50 per cent of the company's issued capital. read more

Wisr celebrates growth, searching for scale

Listed non-bank lender Wisr, has reported "continued strong loan growth and customer acquisition" in the first quarter of the 2019 financial year, but has yet to generate the scale needed to justify i.. read more

938 breach matters on ASIC ledger

ASIC's annual report discloses the corporate regulator is facing an increasingly packed investigations and compliance agenda, while its own fees for services plan has not yet been approved. read more

Banks warned to go digital or fail

Established financial services providers will need to move fast and build digital platforms or find niche products and services to sell on others' platforms - or face a growing risk of failure, warns.. read more

Neobanks talk up their new tech advantage

The next generation of challenger banks in Australia will be digital only, and by their own account want success on their own terms, not as partners of the larger established banks. All they need is A.. read more

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