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Finance executives banking on technological innovation
11 June 2020
Finance executives banking on technological innovation

Two-thirds of banking executives say that technology will continue to drive global banking in the next five years, while 77 per cent see artificial intelligence making a splash, a new survey ...

NSW government launches university loan guarantee
10 June 2020
NSW University

The NSW government has announced that it will guarantee up to $750 million in commercial loans to help universities recover from the impact of the coronavirus pandemic.

Deferral customers prematurely resuming repayments: ANZ
9 June 2020
mortgagebusiness

One in three mortgage deferral customers have opted to recommence paying down their debt ahead of the expiry of their repayment holidays, ANZ has revealed.

CBA fined for overcharging interest
9 June 2020
CBA

The Federal Court has charged the major bank for breaching its legal obligations after it overcharged fees and interest on loans over a 10-year period.

REA launches new home buyer insights hub
9 June 2020
REA launches new home buyer insights hub

The property group has rolled out a new platform aimed at providing prospective home buyers with market research and analysis to inform their purchasing decisions.

Westpac NZ launches interest-free loan
8 June 2020
Westpac NZ launches interest-free loan

Westpac is offering New Zealand customers an interest-free loan of NZ$10,000 to install energy-saving improvements such as double glazing or insulation to their homes.

AML/CTF breaches due to human and technological error: Westpac
5 June 2020
AML/CTF breaches due to human and technological error: Westpac

The major has conceded that its AML/CTF compliance failures were partly due to “deficient financial crime processes, compounded by poor individual judgements”.

‘Buy now, pay later’ service for landlords launches
4 June 2020
‘Buy now, pay later’ service for landlords launches

Credit provider MoneyMe has announced the launch of a “buy now, pay later” service for landlords to cover maintenance, repairs and marketing costs.

ANZ to sell NZ asset finance business
3 June 2020
ANZ

The major bank has announced its intention to sell its New Zealand-based asset finance business, UDC Finance, for NZ$762 million ($706 million) to Japan’s Shinsei Bank.

Westpac trips up as mortgage approval times tick up
1 June 2020
Westpac

Westpac was the only big four bank to kick off the June quarter with a contraction in its mortgage book, according to the latest APRA data.