Economy

The chief executive of a leading Australian financial services company believes one of the major lenders could “disappear” in the next 20 years as fintech providers take over.

Three banks and one mortgage funder have announced changes to their home loan rates, showing that the Reserve Bank’s cash rate cut is still taking effect. 

ING Direct has made its largest ever single investment, recruiting more than 16,000 customers to help build its new digital platform.

Following the success of last year’s roadshows, Pepper Money has announced the dates of the 2016 Insights Roadshow series for brokers, running throughout May and June.

The major banks have recorded an aggregate 3 per cent fall in first-half cash profits as the new capital requirements and a tough operating environment take their toll, according to KPMG.

The major Australian banks are falling behind the smaller and regional banks when it comes to capturing early adopters of technology, new research has revealed.

The financial services industry is the “most trusted” sector when it comes to data privacy, according to a new study by Deloitte.

Non-bank lender Firstmac has announced it will pass on the Reserve Bank’s 25-basis-point cash-rate cut to its customers.

Non-bank lender Resimac has been assigned the top credit rating for three classes of its prime residential mortgage-backed securities (RMBS) by Standard & Poor’s (S&P).

The global fintech phenomenon threatens to steal the big four banks’ most valuable customers, a new report by Roy Morgan Research has warned.