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New AI lending platform could boost approvals six-fold

A commercial lender has announced the launch of its AI-powered platform for borrowers and brokers that could boost approvals six-fold if it lives up to its promise in the post-launch period

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New NAB boss determined to spearhead industry reform

The major bank’s interim CEO and chairman-elect Philip Chronican has outlined NAB’s reform agenda, with board “renewal” at the top of NAB’s priority list. 

Philip Chronican
Responsible lending reform top of mind for CBA CEO

Commonwealth Bank CEO Matt Comyn has revealed that the banking royal commission’s findings concerning responsible lending arrangements were chief among his concerns.

Matt Comyn
Westpac ‘surprised’ by Hayne’s small business definition

Westpac’s CEO has outlined the issues with the royal commission’s proposed definition of what constitutes a small business under the 2019 banking code during a parliamentary hearing.

Brian Hartzer
Westpac not worried about waning house prices

The major bank is not too fazed by the fall in house prices across Australia, with its CEO explaining that a sudden spike in unemployment would be more concerning.

Westpac CEO
Lender launches commission-free retirement loan

A new lender has entered the Australian retirement sector with a loan product aimed at helping retirees live more comfortably at home.

mortgagebusiness
New NAB chairman named

The big four bank has announced that its current interim group CEO has been unanimously appointed as the bank’s next chairman.

NAB
CBA could face litigation amid reported ASIC probe

The corporate regulator is reportedly interviewing high-level Commonwealth Bank executives as part of an investigation into potential disclosure breaches that could lead to court action

CBA
LATEST PODCAST: Non-bank mortgage growth outpacing major lenders

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Mortgage Business Uncut
Director arrested for alleged fraud against NAB

The director of a corporate event management firm has been arrested for alleged fraud against NAB, after a year-long investigation by NSW Police’s Financial Crimes Squad.

Australian court
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