Those at the forefront of credit provision know it is unlikely to have a major bearing on the future of responsible lending.
ASIC is shuttering its existing financial services regulatory sandbox initiative, replacing it with what it has labelled the enhanced regulatory sandbox.
Regtech solutions that help lenders efficiently assess credit files and risk profiles have the potential to improve performance across the lending industry.
China and Australia‘s regulators have agreed to partner up on fintech, a move that will give them oversight on new trends in each other‘s markets.
Research has shown that even those consumers who do read the fine print and other warnings aren’t necessarily in a position to make informed decisions.