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Deposit Power-backed start-up secures $3.75m in seed round

Sydney-based start-up venture Downsizer has raised $3.75 million in seed capital to accelerate the growth of its SaaS platform.

Almost 90% of new home loans are under 6 times income

Quarterly banking data from the prudential regulator shows the impact that rising rates have had on new residential mortgage activity.

Tic:Toc obtains CDR accreditation

The digital lender has been approved as an unrestricted accredited data recipient by the ACCC under the Consumer Data Right.

March 25-bp hike passed on by non-majors

A number of non-major banks have confirmed that they have moved to pass on the latest interest rate change.

Heartland chairman Geoff Ricketts passes away

Geoffrey Ricketts, the former chairman of Heartland Group Holdings, has passed away following a sudden illness.

Fed Reserve steps in to help depositors following SVB collapse

Depositors using Silicon Valley Bank will have access to all of their money despite its collapse, after the US Federal Reserve stepped in to shore up the financial system.

Banks pass on RBA’s March rate hike

The Reserve Bank’s 25-bp rate increase for March has been passed on by the major banks.

Westpac bolsters scam prevention measures

The major bank has announced a new layer of security to further protect its customers from potential scams.

Resimac increases upfront and trail commissions

The non-bank lender has announced it has increased commissions on its prime alt doc and specialist products.

Mark Bouris says Resi has been a ‘massive learning curve’

Yellow Brick Road (YBR) acquired the non-bank lender in 2014, but it has taken almost a decade to get the business where it needs to be, says executive chairman Mark Bouris.

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