Warning issued as scammers intercept house deposits
Reporter
Businesses are being asked to “urgently review” how they verify and pay accounts and invoices after a “sophisticated” scam has inter
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Major bank launches ‘world-first’ green deposit
A big four bank has announced that it has launched a “world-first”, certified investment product designed for investors seeking investme
Mortgage fintech closes $25m capital raise
An Australian mortgage fintech has announced that it has closed a $25-million Series B capital raise, bringing the start-up’s total raise
ASIC grilled over rate-rigging debacle
The corporate regulator’s response to misconduct involving the major banks has been brought into question by the financial services royal
‘Deeper’ slump expected in ‘unique’ housing downturn
ANZ Research has revised its outlook of the housing market, predicting a sharper decline in property prices driven by tighter credit conditi
Outdated mortgage products contributing to hardship
Financial products, such as home loans, have not been keeping pace with evolving customer needs, according to a report that examined financi
Queensland launches battery grant and loan scheme
The state government of Queensland announced that it would be offering grants and interest-free loans to encourage the transition to green e
Action on introducer loan fraud taken ‘far too late’: ASIC
The chairman of the financial services regulator has conceded that it was “far too late”, if not years too late, in taking formal action
CCR could be a ‘gold standard’ for credit risk
There is an opportunity for data-driven comprehensive credit reporting to create a “common lexicon” that could be used by all stakeholde
OECD calls for vigilance amid Aussie housing slump
The OECD has urged regulators and policymakers to “remain vigilant” amid “unexpectedly large corrections” in the housing market.
