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Royal commission: Put customers first or else, consultants warn

Royal commission: Put customers first or else, consultants warn

by Shared by Australian Financial Review | Feb 8, 2019 | News

Commissioner Kenneth Hayne made 76 recommendations in his report released on Monday, including a proposal to shake up mortgage broker pay, and referred 24 cases to regulators over potential civil and potentially criminal breaches of the law.Read more at the Financial...
Auditors may need to run ruler over cyber security

Auditors may need to run ruler over cyber security

by Shared by Australian Financial Review | Feb 7, 2019 | News

Sir Donald Brydon made the radical proposal to a British parliamentary committee on Tuesday (AEDT), having just been named as the chair of a major new government-initiated root-and-branch review of audit practices.Read more at the Financial Review.
Fintechs warned against post-Hayne complacency

Fintechs warned against post-Hayne complacency

by Shared by Australian Financial Review | Feb 6, 2019 | News

​Tech companies seized on the Hayne report, released on Monday, as a chance to capitalise on consumer demand for transparency and fairness in business, and positioned themselves as a credible alternative to the major banks.Read more at the Financial Review.
Prospa calls for caution on Hayne small business impact

Prospa calls for caution on Hayne small business impact

by Shared by Australian Financial Review | Jan 29, 2019 | News

Even though the online small business lender’s own lending volumes have been supported by the risk aversion of regulated banks, Prospa co-CEO Greg Moshal said policymakers should ensure the royal commission report, due with the government on Friday,...
Capify secures $135 million from Goldman Sachs for SME loans

Capify secures $135 million from Goldman Sachs for SME loans

by Shared by Australian Financial Review | Jan 18, 2019 | News

The Hayne royal commission’s revelations of unscrupulous lending practices by Australia’s largest banks has opened the door to an influx of SME online lenders such as Prospa, Moula and Tic:Toc setting up shop in Australia. Read more at the Financial...
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