Economy

The shareholders of a non-bank lender have supported a motion to change the group’s brand, which has coincided with the closing of a $750 million funding transaction.

Delinquencies underlying Australia’s prime residential mortgages have dropped but remained higher than the historical average, according to Standard & Poor’s.

Around 40 per cent of Australian home owners do not consider the impact of the RBA’s cash rate on their mortgage, a new study has found.

The renewed focus on responsible lending has brought into focus the need for lenders to digitise the loan variation process for brokers, a technology sales director has said.

The governor of the Reserve Bank of Australia has said that Australians have embraced electronic payments and will continue to favour this payment method.

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, ...