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AFG Securities announces plant-a-tree initiative

The aggregation group has committed to planting one tree for every new home loan funded by its lending arm.

Loan fintech launches loan tracking tool

LoanOptions.ai has launched a progress tracker tool to enable borrowers to track the progress of their loan applications.

RBA launches central bank digital currency pilot

The Reserve Bank of Australia has launched a new research project to investigate use cases for a central bank digital ...

REA mortgage settlements lift in FY22

The digital property advertising business has bumped up its annual net profit by 25 per cent, in part due to “record ...

Treasury announces review into ASIC funding

The government has commenced a review of the financial services regulator’s funding model.

NAB reports lift to lending, deposits following Citi acquisition

The bank has released its June quarter results, reporting a lending and deposit boost in the wake of its deal with the lender

Frollo confirms app screen scrape phase-out

The fintech has pledged to remove screen scraping from its app where open banking is available.

Video VOI to ‘fall by the wayside’ this decade: Mark Pesce

The increasing sophistication of identity fraud will result in the death of video and audio identity verification by the end ...

UK scraps mortgage buffers

The Bank of England has removed the affordability buffer for British borrowers this month in a bid to remove some barriers to ...

Latitude sheds insurance business

The non-bank group has announced it will sell its insurance business, Hallmark, which would inject $20 million into its core ...

Owner-occupier demand cools over 2022 as investors lift

The Reserve Bank’s latest Statement on Monetary Policy reported that borrowing growth slowed during 2022’s first half, driven ...

Westpac’s former compliance head joins PEXA

Les Vance, Westpac’s former group executive for compliance and financial crime, has been named as the property exchange ...

Clearance rates at lowest since May 2020: Domain

The number of capital city homes clearing auctions reached its lowest recorded figure in over two years, according to new ...

Distressed listings continue recent uptick over July: SQM Research

The number of Australian properties sold under distressed conditions increased again over July, marking the second ...

Interoperability model still ‘too costly’: PEXA

The property exchange giant has agreed that more competition is needed in the electronic conveyancing space, but warned that ...

Major banks to shutter another 37 branches

The Finance Sector Union is calling on government to intervene in the bank branch “crisis”, after the big four move to close ...

Borrowers hesitant for higher than 80% LVR

As the cash rate heads towards a more normalised setting, borrowers are beginning to think twice about higher loans, ...

Lenders move to pass on RBA rate hike

Lenders have begun to respond to August’s 50-bp lift, with all of the big four banks passing on the full rate.

Rate hikes not all doom and gloom, economists suggest

As the central bank has ramped up the pace of interest rate rises, economists say it could be having its "desired effect"

Mortgage costs, living expenses increase over June quarter: ABS

Mortgages in Australia, alongside the cost of living, have increased over the last three months, according to new Australian ...

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