Kiwi P2P and crowdfunding still growing 05 March 2021 6:18AM Latest news Banking Day staff New Zealand’s peer-to-peer lending and equity crowdfunding sectors grew steadily over the past year, according to the latest figures from the Financial Markets Authority (FMA). read more
Briefs: CBA Bandt cheap greenies, Xero hires NAB exec, Lahiff joins Harmoney 16 February 2021 5:45AM Latest news Banking Day staff Commonwealth Bank has launched a green loan with a 0.99 per cent rate. And Adam Bandt won't even notice. read more
Plenti launches IPO 07 September 2020 6:35AM Latest news John Kavanagh Consumer lender Plenti (formerly RateSetter Australia) launches its initial public offering today, aiming to raise A$55 million. read more
Briefs: New compliance chief, Kiwi P2P lender switches to wholesale 14 February 2020 5:14PM Briefs Banking Day staff The Australian Banking Association has appointed former Australian Government Solicitor Ian Govey to chair the Banking Code Compliance Committee. read more
Briefs: ABA consults on gambling, Merricks into NZ dairy, Church launches SDG bond, Kiwi P2P 06 December 2019 5:23PM Briefs Banking Day staff The Australian Banking Association has released a consultation paper on the use of credit cards for gambling, a further step in its new-found soft marketing approach. read more
Deposit rates down by an average 23 bps 27 June 2019 10:52AM Consumer lending Banking Day staff ANZ cut its savings account rates yesterday - the last of the big banks to adjust deposit rates in response to the Reserve Bank's cash rate cut earlier this month. read more
P2P funsters ride Lowe wave 06 June 2019 3:36PM Consumer lending Ian Rogers An 11 per cent return on cash? In P2P land, it can be done. read more
P2P too sensitive for some ADIs 27 March 2019 5:28PM Consumer lending Ian Rogers The credit union and mutual bank love affair with SocietyOne and other marketplace lenders has drawn a stern caution from APRA.S&P, on the other hand, find virtue in diversifying risk in the secto.. read more
Briefs: Pacific infrabank, AMP sub debt and more 09 November 2018 5:18PM Briefs Banking Day staff Australia is ramping up its commitment to the Pacific, with Prime Minister Scott Morrison promising to set up a A$2 billion infrastructure bank to issue grants and long-term loans for "high priority".. read more
'Make-or-break' conditions set for new growth phase 28 September 2018 4:50PM Consumer lending Bernard Kellerman The next six months will be make or break for peer-to-peer lending and investing in Australia says analytics company GlobalData. read more
Briefs: Funding Circle outlines big plans, Rabobank NZ confirms investigation 04 September 2018 4:41PM Briefs Banking Day staff Peer-to-peer platform Funding Circle plans to list on the London Stock Exchange, hoping to raise £300 million. read more
Briefs: ANZ New Zealand drops sales target for frontline staff, CBA execs pay takes a hit, stocktake 09 August 2018 5:02PM Briefs Banking Day staff After a successful trial of a 'no-sales targets' system in its call centre, ANZ New Zealand has announced it will ditch sales targets for frontline retail staff from October. read more
Foreign News: Facebook wants bank data, UK P2P industry to fight retail investor restrictions, Wells 07 August 2018 4:34PM Foreign news Banking Day staff Facebook has asked the largest US banks to share detailed financial data about their customers in order to "deepen user engagement" on its Messenger platform. read more
Crowd thumbs down to HashChing 18 June 2018 3:28PM Mortgages Ian Rogers A tilt at crowd funding by mortgage marketplace HashChing has pulled up short, with the firm likely to refund the A$316,000 pledged by a handful of retail investors. read more
Briefs: NZ's online lenders failing to comply, ASX and InfoTrack move into e-conveyancing 01 June 2018 5:13PM Briefs Banking Day staff A review by New Zealand's Commerce Commission has found one in five online lenders breached disclosure rules set out in the Credit Contracts and Consumer Finance Act. read more
Briefs: Kelso jumps to BoQ, Peer-to-peer lender loses in court, kiwis bolstering up Big Four 22 May 2018 4:30PM Briefs Banking Day staff Natasha Kelso, national manager of broker for Credit Union Australia will jump across to the same job at Bank of Queensland. read more
Wisr directs business to Bendigo 08 May 2018 4:39PM Consumer lending Bernard Kellerman Australian marketplace lender Wisr Limited has entered into a A$25 million wholesale funding agreement with Bendigo and Adelaide Bank. read more
Foreign news: Japan to run biometric payment card trial, Lending Club charged over hidden fees, and 26 April 2018 4:56PM Foreign news Banking Day staff Swedish biometrics company, Fingerprint Cards, along with IDEMIA, an "augmented identity" provider, are set to run Japan's first biometric payment card trial. Using Fingerprint's sensor technology in.. read more
Foreign news: WorldRemit takes on New York, UK peer to peer lender shuts down, mobile payments boom 02 March 2018 6:12PM Foreign news Banking Day staff International money transfer service WorldRemit has launched in New York, targeting the state's 4.5 million immigrants with its low cost service. read more
Zip grows revenue, holds down costs 27 February 2018 5:51PM Consumer lending Bernard Kellerman 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