ANZ pays for Esanda fraud 01 March 2018 5:54PM ANZ has been ordered to pay a A$5 million penalty after the Federal Court found its former car finance business Esanda failed to take reasonable steps to verify the income of 12 car loan borrowers des.. read more
PayPal revises offshore remittance charges 28 February 2018 5:58PM PayPal seems to be making a play for the fee income from a payments niche once dominated by small remittances providers. read more
Fintech report calls for clarity and transparency 28 February 2018 5:57PM The Australian Small Business and Family Enterprise Ombudsman, FinTech Australia and theBankDoctor.org released a joint report today outlining the steps taken by fintech lenders to increase transparen.. read more
Lending caps no barrier to Heritage half-year profit 28 February 2018 5:56PM A focus on greater process efficiencies has helped Heritage Bank post a record half-year profit in the six months to December 2017. read more
Big Four satisfying more customers 28 February 2018 5:55PM The latest instalments of two regularly run banking satisfaction surveys returned results that seem counterintuitive in an environment of unabashed bank bashing by politicians of all stripes. read more
Cabcharge under pressure, drops $5 million 28 February 2018 5:53PM The half-year profit announcement from Cabcharge is proving to be a living exercise in old business model fighting hard to re-assert itself against new arrivals and new payment systems. read more
Royal commission to open with consumer finance case studies 27 February 2018 5:55PM The first round of public hearings at the banking Royal Commission will feature the treatment of consumers by banking and financial services providers of residential mortgages, car finance and credit.. read more
Mortgage Choice in new growth phase 27 February 2018 5:54PM Listed financial services provider Mortgage Choice Limited has announced positive financial results for the six months ending 31 December 2017. read more
Westpac prices jumbo new bond issue 27 February 2018 5:52PM Westpac has priced A$2.60 billion in five-year senior unsecured medium term notes. The transaction comprises two tranches: a $250 million fixed rate tranche and a $2.35 billion floating rate tranche. read more
Zip grows revenue, holds down costs 27 February 2018 5:51PM Digital retail finance and payments player, Zip Co Limited, unveiled headline numbers that included the news that revenue was up 139 per cent to a record A$16.0 million. read more