Breaking

Open banking adoption has been slowed by concerns about competitive disadvantage and a lack of awareness, according to open banking provider Frollo.

The non-bank lender has confirmed it has successfully priced an RMBS issue priced at over $500 million.

The mutual banking group achieved strong home loan growth in the financial year 2023, according to its inaugural annual results as a merged entity.

As property values have nearly recovered their losses incurred in 2022, the number of days a property remains on the market has steadily decreased.

The latest ABS data has revealed a small decrease in the unemployment rate in September.

The banking group has announced Stephen Kinsella will be stepping into the role of chief financial officer.

More than 400 bank branches closed across Australia in the year to 30 June 2023, despite three of the four major banks halting closures amid a regional inquiry.

The non-major bank has announced its total loan book grew during the third quarter of 2023.

The group has announced refreshed branding along with a new logo to increase brand awareness.

The latest ABS data has revealed a drop in dwelling commencements for the June quarter.

While the government focuses on fixing underlying issues in open banking, opportunities in the sector are expanding.

The minutes of the October RBA board meeting have revealed a decreasing tolerance for a slower return to the inflation target.

The deposit bond provider has observed a spike in interest for deposit bonds from home buyers.

A former major bank executive has joined the mutual bank as its new chief executive ahead of the retirement of long-serving CEO Steve James.

“No real evidence” that a turnaround in credit stress is in sight, according to the credit bureau.