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A report shows that while 94 per cent of Australian banks have a sustainability representative on the board, less than two-thirds are actively taking steps to create sustainable outcomes.

PEXA is taking its digital-settlements skill set into the UK market.

The proportion of loans with debt-to-income ratios of six times or more has fallen for the second quarter in a row, according to APRA.

Former Westpac institutional bank chief executive Lyn Cobley has joined the Commonwealth Bank of Australia’s board of directors.

Pepper Money’s Malcolm Withers has been named the new chief commercial officer of Prime Capital, succeeding Steve Sampson, who will become CEO.

The use of mortgage offset accounts has continued to rise according to recent Commonwealth Bank research.

The chair of ANZ has warned the fast-paced digital innovation across the financial services will disrupt the industry.

The non-bank lender has priced a $1.25 billion residential mortgage-backed security transaction, its sixth for 2022.

NAB has announced its support for the creation of a digital identity ecosystem to streamline identity validation and to further protect Australians against fraud.

Banks continue to build their business loans, with growth in business loans outpacing that of mortgages in July, new APRA data has found.