Government ‘lays the tracks’ for data economy
Tas Bindi
An economy-wide open data system is inching closer to reality following the introduction of the Consumer Data Right bill into Parliament.
News
Latest News
AMP profits shrink by $820m in 2018
The embattled wealth giant has confirmed that its statutory net profit fell by $820 million in 2018, due to costs associated with the royal ...
Suncorp Bank’s profits fall as mortgage lending slows
The non-major bank’s net profit after tax has dropped by 4.7 per cent, coinciding with weaker home lending performance.
Regulatory sandboxes ‘neither necessary nor sufficient’
Regulatory sandboxes may not be the answer for regulating cross-border fintechs, a new report has suggested.
ASIC to update responsible lending guidance
The corporate regulator has announced that it will undertake a review and consider changes to its responsible lending guidelines off the back of the banking royal commission.
Bank thickens mortgage book by 20%
A non-major lender has reported an annual residential home loan portfolio growth of $6.1 billion.
Bill to establish $2bn finance fund enters parliament
The federal government has tabled legislation designed to improve access to credit for Australia’s small businesses.
Potential rate cut driving consumer confidence boost
The prospect of a possible rate cut by the RBA has helped lift consumer confidence in February, according to a new consumer sentiment survey.
AusPayNet names new CEO
The Australian Payments Network has revealed that Andy White will take over the reigns as its new chief executive.
Mortgage commitments down 4.4% in December
The value of total home loan commitments fell by 4.4 per cent over the month in December, according to the latest ABS data.
