Neobank 86 400 warns RBA scheme driving big four’s cheap fixed rates
Major banks have led a sharp drop in fixed rates, which mortgage brokers last week said had contributed to the big four gaining market share.
Lenders urged to discard ‘high-risk’ processing methods
The current crisis should be used as an opportunity for lenders to overhaul their processing platforms and embrace new technology, according to NextGen.Net.
Access to credit critical to small business survival: Ombudsman
The Australian Small Business and Family Enterprise Ombudsman welcomes the decision to provide some non-bank lenders with access to the SME Guarantee Scheme
Wisr surpasses $200 million in loan originations
Neo-lender Wisr has surpassed $200 million in loan originations. The milestone was reached with all Wisr employees working from home since mid-March 2020.
Prospa receives access to Federal Government’s SME Guarantee Scheme to support thousands of small businesses
The Federal SME Scheme is designed to support smaller businesses who are considered by the lender as being viable in the longer-term.
Neobank joins Buyers Choice lender panel
Australian neobank 86 400 has signed an agreement with brokerage and sub-aggregator Buyers Choice to join its lender panel.
New research: 4 in 5 businesses believe lenders will not deliver Government-backed loans in time
New research reveals businesses’ lack of confidence in lenders to deliver the new Government-backed loans in a timeframe that will guarantee their survival.
How non-bank lenders are pivoting amid COVID-19
The non-bank sector in Australia has been particularly hurting as wholesale funders and investors reduce their risk appetites.
