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BNPL bridging loans made possible by tech - Real Estate Business

BNPL bridging loans made possible by tech - Real Estate Business
realestatebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realestatebusiness.com.au Daily Mail and Mail on Sunday newspapers.

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Nimble CEO resigns

Mortgage Business 15 July 2021 The lender’s chief has flagged his departure from the company, after three years at the post. Gavin Slater has stepped down from his role as chief executive of Nimble, satisfied that he has executed the companywide transition that he was brought in to achieve. In a post on LinkedIn, Mr Slater reflected he had been tasked with morphing the company into a broader provider of consumer lending products, from its earlier niche of payday loans. “I leave feeling proud of what we achieved as a team,” he wrote. “We successfully launched three new risk-based priced consumer finance products – AnyTime virtual MasterCard, personal and auto loans.”

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Westpac admits to dumping fintech customers

Mortgage Business Westpac admits to dumping fintech customers By Sarah Simpkins 15 July 2021 The big four banks have explained why they may choose to debank businesses, while Westpac has confessed to cutting off banking services to around eight fintechs. In submissions to the Senate Select Committee on Australia as a Technology and Financial Centre, the big four banks have discussed the practice of debanking – when a bank decides to stop providing services to customers. Committee chair and Liberal senator Andrew Bragg previously flagged debanking as part of a “major concern for the fintech sector”, amid other allegations of anti-competitive conduct. The senator also noted the practice could also threaten fintechs’ access to the New Payments Platform, the infrastructure allowing real-time payments across banks that was

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APRA urged to consider business loans in banking review

APRA urged to consider business loans in banking review
theadviser.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theadviser.com.au Daily Mail and Mail on Sunday newspapers.

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Macquarie chief among top-paid ASX bosses

Macquarie chief among top-paid ASX bosses By Sarah Simpkins 14 July 2021 Macquarie boss Shemara Wikramanayake pocketed the fourth-largest pay packet among ASX 200 chiefs in the 2020 financial year, according to new analysis. New research from the Australian Council of Superannuation Investors (ACSI) has calculated “realised pay” for ASX 200 chief executives, which includes the value of cash and equity actually received, rather than the accounting valuations reported in the companies’ annual reports. Median realised pay for ASX 100 CEOs had slipped by 3.6 per cent year-on-year to $3.9 million in FY20. For CEOs outside the top 100, it plunged by 22 per cent to below $1.7 million. Ms Wikramanayake was fourth for highest-paid ASX 200 CEOs on a realised-pay basis, with a calculated total of $16.3 million.

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