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Non-bank lender posts 5% drop in profit in FY18
by Reporter • 24 Aug 2018
FlexiGroup booked a full-year cash profit of $88.2 million for the 12 months ending on 30 June 2018, down by 5 per... READ MORE
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Marketplace lender looks to expand into broker channel
by Reporter • 22 Aug 2018
Marketplace lender SocietyOne has announced that it has appointed Westpac’s former CFO of consumer bank and... READ MORE
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Strong broking industry ‘fundamental’ to competition: Bank CEO
by Reporter • 20 Aug 2018
Speaking to The Adviser following the release of MyState’s full-year 2018 (FY18) financial results, chief executive... READ MORE
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Revenue rise spurred by growth in SME lending: NAB
by Reporter • 17 Aug 2018
In its 2018 third quarter (3Q18) trading update, released this week, NAB revealed that its statutory net profit... READ MORE
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Extending credit advice to planners is ‘pro-competitive’: PC
by Reporter • 16 Aug 2018
In its final report, released to the public on 3 August, the Productivity Commission (PC) called on the Australian... READ MORE
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Non-bank lender acquires competitor
by Reporter • 16 Aug 2018
Personal loan provider and member of German fintech MyBucks Group, Fair Go Finance, has announced that it has... READ MORE
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Private lenders ‘consolidating’ as market tightens
by Reporter • 16 Aug 2018
Non-bank finance group Chifley Securities made the claims after the most recent housing finance statistics from the... READ MORE
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NAB profits boost despite ‘challenging’ environment
by Reporter • 14 Aug 2018
In its 2018 third quarter (3Q18) trading update, released yesterday (14 August), NAB revealed that its statutory net... READ MORE
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Expenses probed as regional bank takes loans from majors
by Reporter • 14 Aug 2018
Following the release of Bendigo and Adelaide Bank’s full-year 2018 (FY18) financial results on Monday (13 August),... READ MORE
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ASIC warns lenders not to outsource responsibility to brokers
by Reporter • 13 Aug 2018
In its most recent Enforcement Outcomes report, which outlines the action the financial services regulator has taken... READ MORE
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Property group posts $29.3m third-party revenue
by Reporter • 13 Aug 2018
According to REA Group’s full-year 2018 (FY18) results, it reported financial services revenue of $29.3 million... READ MORE
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Non-bank lender posts record settlements
by Reporter • 13 Aug 2018
Bluestone has announced that it has doubled its monthly application and settlement volumes less than six months after... READ MORE
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Banks agree to fortify fraud protection systems
by Reporter • 10 Aug 2018
The Australian Securities and Investments Commission (ASIC) has revealed that five banks have agreed to strengthen... READ MORE
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CBA and Suncorp reveal SME lending results
by Reporter • 10 Aug 2018
Both Commonwealth Bank (CBA) and Suncorp released their results this week. CBA's 2018 full-year (FY18) results,... READ MORE
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Mutual lender adopts digital platform for brokers
by Reporter • 10 Aug 2018
The banking arm of insurance mutual Australian Unity has adopted NextGen.Net's ApplyOnline platform to facilitate... READ MORE
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