Non-bank lending has been making a strong comeback in 2018, with credit supplied by banks slowing as a result of tighter serviceability requirements and macro-prudential measures. Annie Kane investigates.
The year 2018 was a tumultuous one for the finance industry. Borrower sentiment towards the banking sector waned, the scandals that emerged from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry hit borrower confidence, while the banks themselves began to reduce their risk appetite and “simplify” their offers. All in all, the environment was one that created an opportunity for non-banks to take a bigger bite of market share, which they did in droves.
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Annie Kane is the managing editor of Momentum's mortgage broking title, The Adviser.
As well as leading the editorial strategy, Annie writes news and features about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape.
She is also the host of the Elite Broker, New Broker, Mortgage & Finance Leader, Women in Finance and In Focus podcasts and The Adviser Live webcasts.
Annie regularly emcees industry events and awards, such as the Better Business Summit, the Women in Finance Summit as well as other industry events.
Prior to joining The Adviser in 2016, Annie wrote for The GuardianAustralia and had a speciality in sustainability.
She has also had her work published in several leading consumer titles, including Elle (Australia) magazine, BBC Music, BBC History and Homes & Antiques magazines.
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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