Digital Finance Analytics (DFA) Blog
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SocietyOne says it has today become Australia’s first and only marketplace lender to reach $500 million in loan originations across its personal loan, agri lending and marketplace business, and is now setting its sights on reaching $1 billion by the end of calendar year 2019. The milestone follows a record August and the recent appointment … Continue reading “SocietyOne becomes first Aussie P2P to hit $500M in lending”
Welcome to the Property Imperative weekly to 15th September 2018, our digest of the latest finance and property news with a distinctively Australian flavour. Watch the video, listen to the podcast or read the transcript. scrollings=”no” On the 10th Anniversary of the failure of Lehman Brothers, the consensus seems to be that the … Continue reading “Upping The Ante 10 Years Later – The Property Imperative Weekly – 15 Sept 2018”
ASIC says Westpac has admitted breaching its responsible lending obligations when providing home loans and agreed to submit to a $35 million civil penalty to resolve Federal Court proceedings under the National Consumer Credit Protection Act 2009 (Cth) (the National Credit Act). A three-week trial for this matter was due to commence in the Federal … Continue reading “Westpac admits to breaching responsible lending obligations”
SocietyOne, Australia’s pioneering and leading marketplace lender, has celebrated its sixth anniversary of operations as total lending since inception approaches $500 million. After making its first loan in August 2012, SocietyOne has now helped more than 20,000 customers thanks to more than $480 million provided by its investor funders. Based on current lending volumes, SocietyOne … Continue reading “SocietyOne celebrates 6th anniversary as total lending approaches $500 million”
Digital banking platform start-up, Trade Ledger, has been named the “Ashurst Fintech Start-up of the Year” after expanding into the UK market and signing up a series of major deals in just one year. Trade Ledger is the world’s first open digital banking platform that gives banks and other business lenders the ability to assess … Continue reading “Trade Ledger wins “Ashurst FinTech Startup of the Year””
Welcome to the Property Imperative weekly to 23th June 2018, our digest of the latest finance and property news with a distinctively Australian flavour. Watch the video, listen to the podcast, or read the transcript. scrollings=”no” There is something weird going on at the moment. This week bank stocks rose significantly, with CBA … Continue reading “The Calm Before The Storm – The Property Imperative Weekly – 23 June 2018”
Interesting to read Moody’s assessment of APRA’s changed stance relative to the 10% speed limit for investor loans in “Australia’s tighter bank regulation will contain risk from removal of investor lending restriction, a credit positive.” Overall they see the underwriting standards rising, reducing risk, though they recognize some potential to lift investment loan volumes, which … Continue reading “APRA Contains Risk From Removal of Investor Lending Restrictions”
The Reserve Bank hosted a roundtable discussion on small business finance today, along with the Australian Banking Association and the Council of Small Business Australia. The roundtable was chaired by Philip Lowe, Governor of the Reserve Bank. Small businesses are very important for the economy. They generate significant employment growth, drive innovation and boost competition … Continue reading “Small Business Finance Roundtable”
The online small business lending market in Australia is growing at a faster rate than the US market did at a similar stage of development and could reach over $2 billion in annual originations by 2020, Noah Breslow, OnDeck Global CEO told the AltFi Australasian Summit in Sydney. “Having grown at a compound annual growth … Continue reading “Online SME lending growing at 79%, could hit $2B by 2020”
Recent events have the potential to create a revolution in Australian Finance. We explore the 72 hours that changed banking forever. Welcome to the Property Imperative Weekly to 10th February 2018.Watch the video or read the transcript. In our latest weekly digest, we start with the batch of new reports, all initiated by the current … Continue reading “72 Hours That Changed Banking – The Property Imperative Weekly 10 Feb 2018”