Monthly Archives: February 2018

NPP set to ‘transform’ banking – MortgageBusiness online

As read in MortgageBusiness online – Australia’s banking sector has rallied behind the introduction of the New Payments Platform, designed to enable the instant, cross-institutional transfer of funds. Lenders, including the big four banks, are set to enable their customers to send and receive funds in real time through the New Payment Platform (NPP), which […]

Consolidation in time of heavy indebtedness – The Adviser

As read in The Adviser online -Debt consolidation is gaining more attention as Australian households face mounting debts. As the country’s household debt-to-income ratio hit almost 200% and total household debt reached a record $2.4trn this year, simplifying repayments and taking control of one’s debt are becoming important topic areas to discuss with clients. While […]

Industry body urges big banks to drop rates – The Adviser

As read in The Adviser online – The head of the Finance Brokers Association of Australia has called on the big banks to drop home loan rates. FBAA executive director Peter White recently welcomed moves from non-banks to drop interest rates, but he stated that he’s “disappointed” that major banks haven’t followed suit. “It is […]