Bananacoast Credit Union fined over loan advertisements 14 June 2018 4:56PM The Bananacoast Community Credit Union has been fined a total of A$50,400 for potentially misleading advertising in 2017 and has agreed to provide remediation totalling almost $91,600 to affected cons.. read more
Listed fintech Novatti Group on M&A trail 14 June 2018 4:55PM ASX-listed financial transactions processor and technology developer, Novatti Group Limited, signed a binding agreement to acquire all the issued share capital of Vasco Pay Pty Ltd, a pre-paid Visa ca.. read more
ASIC's new look BBSW regime 13 June 2018 4:51PM With the case against Westpac over manipulation of the bank bill swap rate now resolved - albeit with a number of fuzzy outcomes for both sides - ASIC has published its new financial benchmarks rules.. read more
Metro Finance boosts its capacity for leasing 08 June 2018 4:30PM Another non-bank finance outfit, Metro Finance, targetting the mid-market business clients of the major banks, is starting to amp up its operations. Moody's Investors Service has assigned provisiona.. read more
Osko hits 10 million payments, $6.5 bn in value 08 June 2018 4:29PM Osko by BPAY, the first product to be launched on the New Payments Platform, has been running for three months, and the take-up has been trending steeply upwards, its backers report. read more
Sympli puts full e-settlement services within sight 07 June 2018 4:53PM A joint venture between ASX Limited and InfoTrack has been launched to catch the trend towards electronic settlement in the Australian conveyancing industry. read more
Mortgage Choice 'consulting' with franchisees 07 June 2018 4:52PM Listed loan broking firm Mortgage Choice said it was "in advanced discussions with franchisees and is aiming to have a new remuneration model in place by August 2018." read more
Franchisee revolt has Mortgage Choice promising more 06 June 2018 4:49PM The franchise business model operated by listed home loan broker Mortgage Choice has been called into question by a joint Fairfax and ABC investigation, sending the ASX-listed broker's share price plu.. read more
Insolvencies on the rise outside big cities 06 June 2018 4:47PM The regional personal insolvency statistics for the March quarter, published by the Australian Financial Security Authority, show an emerging pattern of financial stress on the edges of large cities a.. read more
Bank deposits growth drops away 01 June 2018 5:39PM All-time low interest rates have seen bank deposits rise just 2.5 per cent over the year to April - the slowest growth in 26 years. read more