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Fintech lender Lumi has released a new line of credit product after becoming the latest non-bank lender to be appointed to the government’s Coronavirus SME Guarantee Scheme.
The lender has highlighted the need for better education around the utility of supply chain finance, following the release of the ASBFEO’s report into the product.
A Queensland Small Business Commissioner will be appointed to give small businesses a single point of contact for leasing disputes during recovery from the impact of COVID-19.
The current crisis should be used as an opportunity for lenders to overhaul their processing platforms and embrace new technology, according to fintech NextGen.Net.
The major bank has released new guidance for its first-half 2020 earnings result, realising over $1 billion in new charges relating to customer remediation, software capitalisation, and a ...
The non-major lender has launched an unsecured credit product tailored to SME customers impacted by COVID-19.
The major bank will no longer process applications for mortgage protection insurance from both new and existing customers.
The major banks have regained lost ground in the home lending market, consolidating their positions ahead of the economic blow dealt by the coronavirus outbreak.
The major bank is making provisions for a $900-million penalty in its AUSTRAC case, but has not yet accounted for loan impairment provisions due to COVID-19.