Westpac relied on car dealers for loan verification

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

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

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

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

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

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

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

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

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.

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.

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.