Lender

Accountancy software giant Xero is set to break into SME lending by acquiring invoice finance platform Waddle and looking to launch new products.

The major bank has announced the resignation of its chairman and the appointment of his successor.

The non-major bank has partnered with CoreLogic to develop a new calculator that estimates the costs of home renovations.

The financial services regulator has told the major bank that it will not take any enforcement action against it regarding alleged breaches of AML/CTF rules.

Challenger bank 86 400 has become the first neobank to join the online broking platform’s lender panel.

The industry fund-owned bank has introduced Google Pay for cardholders as customers increasingly switch to contactless payments, especially in the wake of the COVID-19 pandemic.

A class action lawsuit has been filed in the Federal Court against the Commonwealth Bank, which has been accused of breaching its best interests duty obligations.

Melbourne has continued to see lower levels of auction activity and higher withdrawal rates amid the lockdown, while Sydney auction volumes have trended higher.

The big four bank has entered into an agreement to sell its asset finance subsidiary, which manages approximately $500 million in customer loans.

Regtech solutions that help lenders and brokers more efficiently assess credit files and risk profiles have “the potential to improve performance across the lending industry”, the financial ...