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A big four bank has distributed a further $2 million in funding to support flood victims across Australia’s east coast.

Making news this week, CBA and NAB reported a lift to home lending, Video VOI to ‘fall by the wayside’ this decade - futurist says, Treasury announces review into ASIC funding, and UK scraps ...

The latest sentiment data reveals household and businesses are reacting differently to the economic challenges, with mortgagors becoming more pessimistic.

The first monthly consumer price index indicator is set to be released by the Australian Bureau of Statistics in October.

The banking arm of AMP saw its residential mortgage book increase to $22.4 billion, or 9 per cent, in the first half of its financial year.

While the majority of NAB customers are ahead on their home loans, 1 in 5 has felt financially stressed in the last 90 days, a bank survey has found.

Commonwealth Bank of Australia has reported home lending grew by 7.4 per cent over the financial year 2022, but slowed in the latter half amid rate rises. 

The aggregation group has committed to planting one tree for every new home loan funded by its lending arm.

LoanOptions.ai has launched a progress tracker tool to enable borrowers to track the progress of their loan applications.

The Reserve Bank of Australia has launched a new research project to investigate use cases for a central bank digital currency and its possible economic benefits.

The digital property advertising business has bumped up its annual net profit by 25 per cent, in part due to “record settlements” following the Mortgage Choice acquisition.

The government has commenced a review of the financial services regulator’s funding model.

The bank has released its June quarter results, reporting a lending and deposit boost in the wake of its deal with the lender.

The fintech has pledged to remove screen scraping from its app where open banking is available.

The increasing sophistication of identity fraud will result in the death of video and audio identity verification by the end of this decade, according to futurist Mark Pesce.

The Bank of England has removed the affordability buffer for British borrowers this month in a bid to remove some barriers to lending as cost of living increases.

The non-bank group has announced it will sell its insurance business, Hallmark, which would inject $20 million into its core business.

The Reserve Bank’s latest Statement on Monetary Policy reported that borrowing growth slowed during 2022’s first half, driven by a lull among owner-occupiers.

Les Vance, Westpac’s former group executive for compliance and financial crime, has been named as the property exchange platform’s next chief operating officer.

The number of capital city homes clearing auctions reached its lowest recorded figure in over two years, according to new data.