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Banjo extends tenors to help more SMEs grow
by Annie Kane • 23 Jul 2024
The SME lender has extended the maximum borrowing tenor for two of its main business loan products to five years. READ MORE

Pepper welcomes new leader for asset finance sales
by Annie Kane • 23 Jul 2024
The non-bank has promoted from within to fill the position of head of sales for asset finance. READ MORE

Money Quest Group acquires Keylend
by Annie Kane • 22 Jul 2024
Aggregation and brokerage business Money Quest Group has acquired a large broking business, its sixth acquisition to... READ MORE

Warning issued following CrowdStrike incident
by Annie Kane • 22 Jul 2024
The fallout from the major global IT issue continues, with banks focusing on restoring systems and consumers and... READ MORE

WCFF announces leadership change and new agreement
by Ben Squires • 22 Jul 2024
Australia’s largest community for women in commercial finance has flagged major changes. READ MORE

Risk of rate hike high after data points to tight labour market
by Reporter • 22 Jul 2024
The labour market continues to be tight, keeping the risk of another rate hike high. However, market pundits are... READ MORE

1 in 2 home owners inclined to stay with eco-friendly lenders: Report
by Malavika Santhebennur • 22 Jul 2024
The majority of borrowers are more likely to remain with their lender if they invest in environmental and social... READ MORE

Financial wellness offering launches for brokers
by Reporter • 19 Jul 2024
A program that helps brokers support their clients by providing financial literacy has been launched by money coaching... READ MORE

ASX-listed aggregator reshuffles broker support team
by Ben Squires • 19 Jul 2024
AFG has bolstered its sales and support teams in key markets across Australia. READ MORE

Hot Property: The biggest property headlines from week 15–19 July...
by Annie Kane • 19 Jul 2024
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 19... READ MORE

Former broker permanently banned following fraud convictions
by Annie Kane • 18 Jul 2024
ASIC has permanently banned a former Sydney-based mortgage broker following fraud convictions. READ MORE

Smaller lenders improving broker turnarounds: Broker Pulse
by Malavika Santhebennur • 18 Jul 2024
The time it takes for smaller banks to reach an initial credit decision on broker loans has continued to improve,... READ MORE

Building commencements rising from the doldrums
by Annie Kane • 18 Jul 2024
After having hit a record low in September, building commencements are slowly ticking back up again, but brokers are... READ MORE

UNO launches first AI-powered initiative

by Annie Kane • 18 Jul 2024
An AI-powered data-matching algorithm has been rolled out by the brokerage to automatically pair and allocate... READ MORE

Prospa shareholders vote in favour of acquisition
by Annie Kane • 17 Jul 2024
The shareholders of the SME lender have voted in favour of the proposal to be acquired by a consortium led by the... READ MORE

The Word: How do you source new business?
by Annie Kane • 17 Jul 2024
Getting new business through the door is a key part of growing a business. This month, we ask… READ MORE

Banjo reports 86% rise in loan rejections YoY
by Annie Kane • 17 Jul 2024
Loan activity from small businesses “has gone backwards”, with the number of loan applications falling and... READ MORE

Combined auction clearance rate stagnates
by Sebastian Holloman • 17 Jul 2024
Auction volumes and preliminary clearance rates have both fallen compared to the previous week. READ MORE

Client loyalty greater if lenders make positive impact: Brokers
by Malavika Santhebennur • 16 Jul 2024
Brokers have predicted that lenders that make a positive environmental, community, and social impact will attract and... READ MORE

Athena launches new products via broker channel
by Charlotte Humphrys • 16 Jul 2024
A new product suite from the lender to support a diverse range of borrowers has become available through the... READ MORE

NSW and Qld look to recommence interoperability despite ‘pause’
by Annie Kane • 16 Jul 2024
The land registries in Queensland and NSW have committed to continuing the progression of interoperability despite... READ MORE

Banks to refund $28m to low-income customers
by Charlotte Humphrys • 15 Jul 2024
Four banks have had to pay up following an investigation by ASIC regarding their conduct towards low-income customers. READ MORE

Is the broking industry missing millions in unpaid commissions?

by Annie Kane • 15 Jul 2024
ANALYSIS The complexity and opacity of commission payments are leaving brokers out of pocket, with one broker having... READ MORE

FBAA membership growth surges
by Charlotte Humphrys • 15 Jul 2024
The association has recorded its largest annual increase in memberships in recent years. READ MORE

ASIC reduces broker levy after questions raised
by Annie Kane • 12 Jul 2024
A reduced minimum levy has been confirmed for credit intermediaries after an industry member flagged inconsistencies... READ MORE