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Westpac relied on car dealers for loan verification

The major bank has admitted to the royal commission that it did not undertake verification checks for loan applications submitted by car ...
June 17, 2019

Several lending innovators have been honoured at the second annual Fintech Business Awards.

March 22, 2018
The latest Scottish Pacific SME Growth Index shows that SME owners are optimistic about revenue growth, had improved cash flow in 2017 and are increasingly looking at n...
March 16, 2018

The Reserve Bank has emphasised the importance of the NPP as a platform that could drive efficiency and innovation.

March 16, 2018

The big four banks are set to implement small business loan contract reforms, following a regulatory investigation into unfair contract terms.

March 15, 2018

Following a successful trial, the regulator has announced that it will move ahead with its cash flow coaching initiative to assist small businesses.

March 09, 2018

A fresh report from the royal commission has highlighted that only 16 per cent of car buyers use a broker to secure financing.

March 09, 2018
The Small Business Ombudsman, FinTech Australia and theBankDoctor.org are suggesting that small business lenders produce a Code of Conduct to “provide clear compliance guideli...
March 08, 2018
SMEs are having very little problem accessing finance to fund growth or cover cash flow concerns, according to a business advisory firm. ...
March 08, 2018

The small business industry has welcomed the news that former small business minister Michael McCormack has been made Deputy Prime Minister of Australia.

March 08, 2018

The financial services regulator has filed a court order that could force several car financiers into involuntary liquidation.

March 08, 2018

A non-bank lender has delivered $10 million in small business funding in its first 18 months of operation.

March 01, 2018

The major aggregator believes that its latest platform will allow a greater number of mortgage brokers to seize opportunities in the SME and commercial lending space.

March 01, 2018

The debtor finance company has reported a boost in new business from brokers in the first half of the 2018 financial year, with net profits growing by 10 per cent.

February 28, 2018

Small and medium-sized enterprises are “over-reliant” on bank credit but are increasingly turning to alternative sources of financing, according to a new OECD report.

February 23, 2018
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