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Economy

AI could transform loan servicing: S&P

Artificial intelligence (AI) promises to “enhance” the efficiency and accuracy of credit analysis, but its impact is limited without past credit-cycle data, according to a new report.

AI could transform loan servicing: S&P
Warning issued as scammers intercept house deposits

Businesses are being asked to “urgently review” how they verify and pay accounts and invoices after a “sophisticated” scam has intercepted payments, including house deposits.

mortgagebusiness
ASIC grilled over rate-rigging debacle

The corporate regulator’s response to misconduct involving the major banks has been brought into question by the financial services royal commission.

ASIC grilled over rate-rigging debacle
‘Deeper’ slump expected in ‘unique’ housing downturn

ANZ Research has revised its outlook of the housing market, predicting a sharper decline in property prices driven by tighter credit conditions.

mortgagebusiness
CCR could be a ‘gold standard’ for credit risk

There is an opportunity for data-driven comprehensive credit reporting to create a “common lexicon” that could be used by all stakeholders in the lending process to assess credit risk, ...

CCR could be a ‘gold standard’ for credit risk
OECD calls for vigilance amid Aussie housing slump

The OECD has urged regulators and policymakers to “remain vigilant” amid “unexpectedly large corrections” in the housing market.

mortgagebusiness
NDIS housing opportunity flagged for investors

A government initiative designed to assist people with disabilities into high-quality housing has been flagged as an opportunity for property investors.

mortgagebusiness
FHBs drive slump in home loan aspirations

Fewer Australians plan to take out a home loan in the next 12 months, down 17.7 per cent year-on-year, according to the latest research from Roy Morgan.

mortgagebusiness
Bank gets on board with more digital wallets

A non-major bank has announced that its customers will be able to make payments using Garmin Pay.

mortgagebusiness
Australian economy can weather housing slump: IMF

Australia’s strong economy can withstand the impacts of a dwindling housing market, according to the International Monetary Fund.

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