Economy

The global fintech has announced the opening of its new office in Melbourne, after a period of “rapid growth” in Australia.

The non-major is looking to capture a larger share of the revenue pool in the banking space, after it reported a 9 per cent decline in its underlying profit, partly offset by a mortgage ...

The Reserve Bank has signalled that it remains open to further cuts to the cash rate, but according to analysts, the central bank will hold off on further cuts for the time being.

SME lender Prospa has established a NZ$45-million funding facility, its first warehouse facility set up specifically to fund small business loans in New Zealand.

ABS data from June has reported an overall increase in lending values, driven by owner-occupiers and first home buyers.

New research has suggested that Australians are more in the know about their home loan rates, but more can be done to improve financial literacy. 

The Tasmanian bank has announced the resignation of its CFO, David Harradine, who has served the company since 2015.

The Reserve Bank’s monetary policy board has lowered the cash rate for the third consecutive month, dropping it to a new record low.  

The central bank has announced its cash rate verdict for the month of August following its monetary policy board meeting.

Small-business loan marketplace ebroker has announced that it has secured a new partnership with a non-bank lender in response to rising demand for asset finance.