Lender

In the face of ever-increasing competition from fintechs in the buy now, pay later space, NAB has nabbed its share by launching its first BNPL product.

The big four bank is decreasing its debt-to-income threshold to “meet regulatory obligations” and “lend responsibly”.

The major banking group has confirmed that its acting head of mortgage technology has accepted a long-term position.

Fund manager Challenger has signalled progress in its joint venture with Apollo to build a lending platform.

ANZ chairman Paul O'Sullivan has announced Jeff Smith will join the board as a non-executive director.

The non-bank group has closed its latest RMBS, stating that a portion will be focused towards its inaugural social bond.

The chief executive and executive director of Westpac Life is set to become the new CEO of Heartland Bank.

Wages growth has slightly lifted, up to its highest annual rate since 2018, with all eyes now shifting to watch for what the Reserve Bank does next.

The bank has announced it is partnering with Nano to utilise its tech to offer a digital mortgage for retail customers in Q3.

The major bank has launched its digital home loan division, Unloan, which is a product that has a progressive interest rate discount.