Economy

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.

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.

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

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

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, ...

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

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

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.

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

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