Tractor Ventures launches 24-hour lending approvals, plans equity fund for 2024
Tractor Ventures CEO Matt Allen opens up about its alternative lending platform, new 24 hour approval process and its upcoming equity fund.
RBA considers regulation to enforce least-cost routing access for merchants
The Reserve Bank has issued a new warning to banks that make it difficult for merchants to access cheap debit card transaction fees, saying it will consider regulation banning 'default' transaction routing.
Why the $4.9 billion ANZ takeover of Suncorp is a test for both the government and ACCC
ANZ's proposed acquisition of Suncorp's banking arm is bad news for competition and should be axed by regulators.
ANZ and Westpac face discrimination complaints for ‘debanking’ small businesses
The issue of debanking has been highlighted by a recent crypto-trader's case against Westpac and ANZ. How will Labor approach it?
NAB enters crowded BNPL market with zero-fee NAB Now Pay Later
NAB's new buy now, pay later endeavour will be rolled out in July and will offer a zero fees alternative to competitors in the market.
Is your bank balance safe? Hacker threats have banks shoring up their defence, but it might not be enough
Hackers have been attacking “systemically important financial institutions” in Australia, revealing weaknesses the RBA says could risk the "integrity and stability of Australian financial institutions”.
John Durie: Banks could raise interest rates faster than RBA, as small business confidence expected to slump
The message has come loud and clear that more rate hikes are coming, and history says the banks will raise rates at a faster rate than the Reserve Bank to cover wholesale funding costs.
John Durie: The small businesses that now control the source of the big banks’ profits
The real story on bank profits is how these giant financial institutions have let mortgage brokers take control of their biggest profit driver: home loans.
Explained: Everything SMEs need to know about the federal government’s new PayTo platform
A major change is coming for small businesses when the federal government’s new real-time payments initiative PayTo goes live from July 1, 2022.
Evolving lending market boosts access to finance for SMEs: Productivity Commission
New lending models and technology developments over the past decade have led to more financing options for small businesses — and we’re likely only seeing the beginnings of the positive changes for SMEs.
NAB underpayments saga hits a roadblock
A problem has arisen in NAB’s attempts to repay thousands of current and former staff who are owed money due to underpayments.
CBA automates least cost routing for small business merchants
Commonwealth Bank has become the first of the major banks to commit to automatically routing transactions for small business merchants, weeks after Treasurer Josh Frydenberg said more needs to be done to lower transaction costs for small businesses.
