Lender

  Beem It, a new payments app developed by three of the big four banks, has launched quietly on the Apple and Google Play app stores as the banks continue facing royal commission scrutiny

The financial services company has introduced its budgeting tool into its customer-facing app in a bid to provide users with a “clearer view of their spending and saving habits”.

The major bank has appointed Shane Buggle as group general manager, internal audit, replacing Kevin Corbally who transitioned to chief risk officer.

The major bank and the government financial intelligence agency have begun discussions on the major bank’s alleged breaches of anti-money laundering and counter-terrorism laws.

The Commonwealth Bank’s risk strategy following its acquisition of Bankwest has been placed under the spotlight, as the financial services royal commission continues.

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

Macquarie has offloaded additional shares in the Mark Bouris-led financial services firm, reducing its stake from 18 per cent to 5 per cent.

The major bank has been scrutinised by the financial services royal commission over its response to a technical error that more than doubled the amount of interest charged to customers.

APRA’s latest effort to control the mortgage market will force the average Sydneysider to fork out a $369,542 deposit for a median-priced house in their hometown.

A “strong launch period” has prompted a peer-to-peer lender to extend its green loans program by 18 months.