Lender

A non-major bank has increased rates across both its owner-occupied and investment home loan offerings.

The non-bank lender has partnered with property valuation platform Valocity to help digitise and automate its commercial lending and valuation process.

Home lending volumes bounced back in June, according to the ABS, but stage 4 lockdown measures in Melbourne are set to have a “material” impact on demand over the coming months.

The dispute resolutions body has expressed support for ASIC’s proposal to ban a “continuing credit” product.

The financial services industry software provider has recruited Investment Trends CEO Michael Blomfield to the newly-created role of chief commercial officer.

The non-major bank has introduced AI-driven digital banking services that are built into customers’ everyday transaction and savings accounts.

The big four banks have continued to record strong owner-occupier-driven portfolio growth, with Westpac and ANZ leading the pack in the final month of the 2020 financial year.

The non-major bank has launched a new home loan product with online redraw facilities and full offset on multiple accounts.

AUSTRAC’s investigation into Westpac’s alleged breaches of anti-money laundering and counter-terrorism laws has widened amid new revelations from the major bank.

Westpac announced the looming departure of one of its longest-serving executives.