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Bank reports $129m drop in loan book

A non-major lender has said that a $129 million drop in its loan book was driven by slowed credit growth, conservative liquidity management and increased flows to non-banks.

Bank reports $129m drop in loan book
Non-bank rise ‘welcome news’ for market: ANZ Research

Non-bank lenders are serving as a “buffer” in the housing market by servicing borrowers that have been turned away by banks amid tighter credit policies, according to ANZ Research.

mortgagebusiness
RateSetter to deliver CEFC loan scheme

The peer-to-peer lender has been commissioned to deliver the CEFC’s $100 million loan financing scheme in South Australia.

mortgagebusiness
Digital brokerage names new CEO

An online mortgage broking firm has appointed Anthony Justice as its new chief executive.

Digital brokerage names new CEO
Open banking about ‘creating value for customers’: Neobanks

Open banking and data sharing will be “beneficial” to customers, several challenger banks have said, but banks will need to demonstrate value to customers in order for these to be truly ...

Open banking about ‘creating value for customers’: Neobanks
Harsher penalties for misconduct introduced into Parliament

The federal government has introduced legislation into Parliament that would see harsher penalties administered for corporate and financial sector misconduct.

Parliament house
Home loan platform appoints new CMO

An online mortgage origination platform has announced the appointment of a new chief marketing officer.

mortgagebusiness
AI will ‘augment’ rather than ‘automate’ customer service

A leading figure from the machine learning, artificial intelligence and business consulting arena has suggested that machine learning and big data technology will “augment” rather than ...

AI will ‘augment’ rather than ‘automate’ customer service
Housing supply outlook ‘mixed’ amid ‘moderating’ market

Australia’s housing supply outlook is varied, with the level of supply lingering on either end of the spectrum depending on location, according to the latest research from Propertyology.

mortgagebusiness
ANZ CEO reveals the ‘biggest challenge’ facing banks

The changing role of banks and technological innovation mean that the biggest challenge facing banks is adapting quickly but safely, the CEO of ANZ has said.

ANZ CEO reveals the ‘biggest challenge’ facing banks
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