Mobile and internet banking in the UK is now being used for transactions worth nearly £1 billion a day.
Competition for BDMs is increasing as lenders continue to fight for greater distribution in the growing third-party channel.
Australia’s major lenders are harnessing the power of multiple touch points in an attempt to combat digital disruptors.
Yellow Brick Road’s share price remained steady yesterday following the group’s acquisition of mortgage manager RESI Mortgage Corporation.
Yellow Brick Road today announced that it has entered into a conditional agreement to acquire mortgage manager and originator RESI Mortgage Corporation Pty Ltd.
The regional banks remain at a structural disadvantage to the majors, despite the benefits from a recovery in housing finance, lower funding costs and improving loan quality.
The Reserve Bank has warned Australian lenders they may need to hold additional capital against housing finance, driving up the cost of home loans.
Aussie’s top executive has dismissed claims that CBA has influence over the group’s brokers.
Smaller lenders are being locked out of aggregation panels as banks continue to buy up distribution.