Powered by MOMENTUM MEDIA
Broker Daily logo

Economy

ASIC slates banking culture
15 June 2018
ASIC

The corporate regulator has raised concerns over a “cultural issue” within the banking and financial services sector, claiming that the conduct of the banks does not reflect their ...

Future financial services will be built around human behaviour
15 June 2018
mortgagebusiness

Financial services of the future will be designed around human behaviour rather than simply being a digitisation of existing processes, according to a futurist and fintech founder.

New student loan provider to move into Australian market
15 June 2018
mortgagebusiness

A fintech lender has announced that it will inject $50 million in the Australian student loans market, in an attempt to fill a void that it believes has been left open by the federal ...

Universal banking will be ‘broken apart’ by fintechs, says CEO
14 June 2018
Universal banking will be ‘broken apart’ by fintechs, says CEO

The advent of fintech platforms, new mortgage models and digital banking will “result in the breaking apart of the whole universal banking model as a concept”, a futurist has argued.

Banks issue responses to RC allegations
14 June 2018
mortgagebusiness

Three banks, including two majors, have responded to allegations of responsible lending breaches put forward by the financial services royal commission.

RC changes S&P’s view of Australian banking system
14 June 2018
mortgagebusiness

S&P Global Ratings believes that recent developments in the Australian banking sector highlight weaknesses in the effectiveness of the regulation and conduct of the banking sector.

Former CBRE director joins PGIM Real Estate
14 June 2018
mortgagebusiness

PGIM Real Estate has appointed Stephen O’Keeffe to head up Australian real estate debt investments.

Sluggish investor activity driving home loan slump
13 June 2018
Home loan, arrow down, investor

Home loan demand has dropped for the fifth consecutive month, driven by a continual fall in investor lending activity, new ABS data has revealed.

ABA calls for further action to combat elder financial abuse
13 June 2018
mortgagebusiness

The banking industry body has urged for “more to be done” to detect and prevent the financial abuse of elderly Australians.

AMP continues ‘board renewal’ with new appointment
12 June 2018
AMP continues ‘board renewal’ with new appointment

The financial services provider has announced the appointment of a new non-executive director to its board, as it continues to “rebuild” following revelations of misconduct identified by the ...