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Finance worker banned for falsifying loan docs

The Australian Securities and Investments Commission has permanently banned a former finance analyst convicted of falsifying loan applications.

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Finance sector split on fintech impact, US survey finds

A survey conducted by LinkedIn has found that 42 per cent of fintech professionals think fintech is a direct threat to the traditional financial services industry, while only 19 per cent of ...

mortgagebusiness
The growth of Australian mortgage broking

The evolution of the mortgage broking industry from the rough and ready era of the early 1980s to the profession that it is today, has been a been a truly remarkable journey.

Kym Dalton, Australian mortgage broking, growth of mortgage
Sentiment drops over accessibility of debt finance

Fresh warnings have been issued over a “flatlining” of housing capital growth and “an ongoing worsening of the availability of debt finance”.

mortgagebusiness
Lender changes rates and reinstates standalone P&I investor refinances

Effective from today, a major bank subsidiary has reduced rates for new P&I loans, reduced the maximum LVR for IO lending and will once again accept applications for P&I refinances ...

mortgagebusiness
Nominations open for Women in Finance Awards

Submissions are now open for the inaugural Women in Finance Awards, the flagship event that aims to highlight the outstanding work of women within financial services.

mortgagebusiness
PEXA subscribers make record digital refinance settlements

Australian lenders and law firms are making digital refinancing records as the country’s conveyancing landscape undergoes a government-mandated digital transformation.

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Bank launches new credit card following broker feedback

A non-major lender has introduced its first credit card, which is being made available to new customers through the home loan application process.

mortgagebusiness
Why the new bank tax could be a blessing in disguise

Somebody will have to pay the federal government’s new tax on the big banks – and it’s likely to be consumers, potentially in the form of higher interest rates.

Sally Tindall, new bank tax, federal government, high interest rates, big four banks, Macquarie
Looming NPP offers banks the opportunity to simplify

The expected October completion date for the New Payments Platform (NPP) is looming. The NPP, which will facilitate real time payments between financial institutions and customers’ accounts ...

Bruce Nixon, New Payments Platform, NPP, real time payments, Australian banking technology
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