Economy

Pepper Group has invested a significant amount of money in a global start-up network to gain access to innovative ideas from a range of industries.

The proportion of residential loans more than 30 days in arrears has dropped to its lowest level since 2005 in New South Wales, according to new data released by Moody’s Investors Service

Business confidence saw another increase last month following stabilisation in the Australian share market throughout March.

New data has revealed that investor confidence in mortgage trusts is on the rise, with peer-to-peer lenders increasing their prevalence in the market.

New figures from Veda reveal that mortgage application growth has slowed significantly for the third consecutive quarter.

Marketplace lender DirectMoney has delivered a record lending month in March, driven by its relationships with mortgage aggregation groups.

A pooled investment fund targeting high income returns from prime credit sourced by marketplace lending has opened to high-net-worth and institutional investors.

In case you missed it, Google recently announced the closure of Google Compare.

The Australian banking industry believes a royal commission into financial services is “unnecessary and a waste of taxpayer funds”.

One of Australia’s largest regional banks has achieved above system mortgage growth, driven by two critical distribution channels, over the six months to 29 February.