How will AI affect mortgage broking?
The role of mortgage broking is becoming more and more relationship driven as automated technology takes care of administrative work.
Prospa reports improved demand from SMEs
The FY20 results for non-bank lender Prospa reveal that loan originations saw an uplift in June, following a quiet few months due to COVID-19.
US fintech to acquire OnDeck
US fintech company Enova has announced that it is to acquire SME lender OnDeck in a transaction valued at approximately US$90 million.
Wisr smashes loan growth and revenue for Q4FY20
Wisr is well placed to continue lending, operations and growth of its financial wellness products through COVID-19 disruption and post recovery.
Online lenders warn SME loan scheme may miss the mark
Australian online lenders have seen little uptake of the federal government’s revamped $40 billion small business guarantee scheme.
British fintech aims to ride virus tailwind into Australia
British fintech OakNorth, a business lender and provider of credit-risk assessment tech, has just opened an office in Sydney.
86 400 supercharges its home loan distribution with AFG partnership
86 400, Australia’s first smartbank, has signed a strategic partnership with aggregator AFG to further expand its broker distribution network.
Illion to distribute Tic:Toc software to banks
Credit data giant illion is partnering with Tic:Toc to provide the fintech’s responsible lending platform to illion’s broad, existing customer base.
