Economy

Mar 27 2018

A new AI-powered assistant that helps customers through the home loan application process has boosted the digibank’s completion rates by 15 per cent, the NAB subsidiary has revealed

Mar 27 2018

Retail banks wishing to join the Australian Bankers’ Association will be required to sign up to the new code of practice before becoming a member, the association has revealed.

Mar 27 2018

Reckon Loans, the collaboration between cloud accounting firm Reckon and fintech lender Prospa, has broken the $10 million barrier in its first 18 months.

Mar 27 2018

Following on from the news that an analytics firm breached data security permissions, the Australian Banking Association is calling for more time to implement the open data regime to address ...

Mar 27 2018

Researchers at an investment bank have warned that banks could tighten their income and expenses assessments for mortgage borrowers off the back of the royal commission, which could result ...

Mar 27 2018

The shift towards an economy-wide, open data model will provide borrowers with greater insight into the deals that are available to them before approaching brokers or banks, the head of an ...

Mar 26 2018

The Commonwealth Bank of Australia has announced a series of changes to the bank’s senior executive team, with three people leaving in the coming months as “the bank prepares for its future”

Mar 26 2018

AMP has announced that chief executive Craig Meller intends to step down from the role at the end of the calendar year, with the institution commencing a global search to find a ...

Mar 26 2018

Under the leadership of CEO Shayne Elliott, ANZ is eager to transform itself into a smaller, simpler and more technologically savvy organisation.