Consumers trust traditional banks over 'pure play' fintechs 08 March 2018 6:02PM The implications of an RFi study showing a fall in consumer confidence in 'digital-only' challengers has particular resonance for Australia as it develops its open banking regime. read more
Non-bank lender Chifley Securities 'fills vacuum' 07 March 2018 6:06PM Non-bank finance group, Chifley Securities, said it received loans worth A$1.87 billion for the 2017 calendar year, and stated this set a new record level for the company, funded by a small group of h.. read more
Start-up bidding war for mortgages, not properties 07 March 2018 6:05PM Australian borrowers now have access to an online platform, called Loanbid, where lenders bid against each other to win the borrower's loan. The website has clear potential to commoditise another link.. read more
Regulatory intervention makes us stronger 07 March 2018 5:58PM The major Australian banks' ability to withstand a severe downturn in the housing market and household sector, has been strengthened by regulatory intervention to tighten underwriting standards and bo.. read more
CBA aims for a board refresh 06 March 2018 5:30PM A commitment to the Commonwealth Bank's ongoing board renewal process, as outlined at last year's Annual General Meeting, is behind several changes to the bank's board announced yesterday. read more
ASIC consults on guidance for AFCA oversight 06 March 2018 5:28PM ASIC has published a draft updated guide to its Oversight of the Australian Financial Complaints Authority for public consultation, although it's a series of tweaks rather than a full-scale revision. read more
Profitable CUA pushes fintech credentials 05 March 2018 4:37PM Australia's largest credit union, CUA, has increased its investment in innovation and digitisation while declaring a solid first-half financial result for the 2017/18 year. read more
Blockchain-based, RMBS-funded lender set to launch 02 March 2018 6:23PM A new non-deposit taking wholesale lender, which will deal exclusively with leading mortgage broking companies on a 'private label' basis, plans to launch later this year under the name Australian Mor.. read more
Ex-Howard minister to chair Financial Complaints Authority 02 March 2018 6:20PM Following the passage of the Australian Financial Complaints Authority Bill through Federal parliament on 14 February scheme, the Turnbull Government has chosen a Liberal Party stalwart as the inaugur.. read more
Investment bank trends favour local Aussies 02 March 2018 6:16PM APAC investment bank revenues reached their lowest levels in five years in FY 2017, mainly driven by declines in Japan and Asian FICC, with Australasia the best performing regime. read more