Technology

The big four bank is set to answer questions around potential anti-money laundering breaches in the coming weeks, according to its chief.

The chief of the neobank has warned against allowing large incumbent banks to swallow up fintechs, saying it could stifle innovation and competition.

Most CBA property transactions have been settling online amid lockdowns and COVID-19-induced policy changes to government processes, according to the lender.

With the help of brokers introducing younger customers, Great Southern Bank has grown its home loan book by almost 25 per cent in the 2021 financial year.

The non-bank lender has introduced the ApplyOnline application centre, which it said includes new digital tools and a “faster time to yes”.

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Both the big four and non-major banks have been found to have vast exposure to criminal activity, with AUSTRAC suspecting high exploitation of home loans.

Volt has teamed with digital currency exchange BTC Markets, to offer bank accounts to its 325,000 customers.

The fintech has flagged its intentions to take on local banks, having commenced talks around licensing with APRA.

Non-bank lender Brighten Home Loans has partnered with Simpology to digitise its loan application process from start to finish.