Non-bank lender issues $1.25bn RMBS
Non-bank lender La Trobe Financial has “effectively reopened” Australian debt capital markets with a $1.25bn RMBS raising.
Revolut finally secures Aussie licence
An ASIC spokesman confirmed that Revolut had been granted a licence to market non-cash payment products to retail and wholesale clients.
Westpac backs mx51 to tackle global payments invasion
Westpac Banking Corp is backing a new payments spin-off – mx51 – to help it fend off an invasion by global payments software companies
CBA invests in Slyp to drive digital receipts
Commonwealth Bank has joined the other big banks as an investor in start-up Slyp, a provider of digital receipts which can help to eliminate paper receipts
Frollo first FinTech to become ADR
The ACCC has announced that Frollo is Australia’s first FinTech to become an Accredited Data Recipient under Open Banking regulations.
Neobank enhances mortgage offering
Australia’s first ‘smartbank’ 86 400 has announced a range of enhances to its digital mortgage products distributed exclusively through brokers.
COVID-19 pushes Westpac to jump on Apple Pay
Westpac customers finally have access to Apple Pay, with the bank making it available for customers who have an eligible Mastercard, eftpos or Handycard.
Banks ‘too slow’ bridging the finance gap
The big banks were on the defensive on Friday due to federal government criticism over their handling of a COVID-19 business loan scheme.
