Australia’s major banks take financial hit as market intensifies
Australia’s major banks have had a tough year, with a substantial decline in cash profits and a falling share of the mortgage market
Raiz accuses Commonwealth Bank of “threatening fintech customers”
CommBank appeared to abuse its market power by threatening fintech customers, including Raiz Invest users, by scaremonger tactics over cyber security issues.
Moroku signs developer agreement for 11 US Credit Unions
Moroku has signed an early developer agreement with US Credit Union Service Organization, Constellation Digital Partners, LLC.
Commonwealth Bank focused on innovating amid pressure from fintechs
Commonwealth Bank CEO Matt Comyn has said his bank is committed to spending big every year on technology to deliver the best banking experience.
86 400 becomes first in Australia to offer digital home loans through brokers
86 400 has launched an entirely digital home loan offering – the first smart alternative to how brokers currently submit client applications.
Offshore challenger bank OakNorth eyes local lending tie-up
Challenger bank OakNorth is the latest global fintech to set its sights on Australia, preparing the ground for the launch of a lending assessment platform.
Westpac to build new pure play digital bank
Westpac has revealed it will imminently launch a new pure play digital bank to run ahead of its main brand.
Plan to expand the bank of mum and dad
DomaCom want to tap superannuation to dramatically expand the capacity of the so-called bank of mum and dad to help youngsters on to the property ladder.
