Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The Productivity Commission has issued a Draft Report for comment on Data Availability and Use in Australian. If the recommendations are adopted this could become a fundamental force for change, and potentially create economic momentum, and greater competition from which consumers may benefit. There is enormous untapped potential in Australia’s data. Crucially, the proposed reforms … Continue reading “Consumers Need A Data Revolution”
Continuing our analysis of the FSI Report, we have been looking at comments and recommendations relating to SME’s. Australia’s SME’s are a critical though undervalued sector of the economy, accounting for some 3 million business, and 5 million jobs. We hoped there would be substantial focus on initiatives to kick-start this sector (given the growth … Continue reading “FSI – SME’s Little To Cheer About”
The final FSI report is out, a 350 page document making 44 core recommendations. They received over 6.800 submissions and met more than 50 financial institutions as part of international consultations. “Australia’s financial system has performed well since the Wallis Inquiry and has many strong characteristics. It also has a number of weaknesses: taxation and … Continue reading “FSI Report Out”
The meeting in Japan has published the following communique: Global growth appears to be stabilizing, and is generally projected to pick up moderately later this year and into 2020. This recovery is supported by the continuation of accommodative financial conditions, stimulus measures taking effect in some countries, and one-off factors dissipating. However, growth remains low … Continue reading “G20 Finance Ministers and Central Bank Governors Meeting Says Growth Projected To Pick Up”
Interesting speech from the RBA Governor today, in which he explains why home prices are falling, and says its all manageable. No mention of too loose credit and too low interest rates. Or the substantial credit tightening of recent times as the credit impulse slows! Just remember they banked on the household sector to spend … Continue reading “RBA Provides Housing Crash Alibi”
Welcome to the Property Imperative weekly to 29th September 2018, our digest of the latest finance and property news with a distinctively Australian flavour. Another mega week, with the Royal Commission interim report out, the FED lifting rates, APRA releasing their banking stress tests, more class actions launched and Banks lifting their provisions to cover … Continue reading “Banking On The Future – The Property Imperative Weekly 29 Sept 2018”
I caught up with Mark Jones, Chief Executive Officer of SocietyOne, Australia’s first and only marketplace lender to reach $500 million in loan originations across its personal loan, agri lending and marketplace business. And now its setting its sights on reaching $1 billion by the end of calendar year 2019. I wanted to know how … Continue reading “Fintech Spotlight – SocietyOne – P2P Lending Getting the Recipe Right”
Welcome to the Property Imperative Weekly to 18th August 2018, our digest of the latest finance and property news with a distinctively Australian flavour. Another week, yet more data, so let’s dive straight in. And by the way, if you value the content we produce please do consider joining our Patreon programme, where you can … Continue reading “Let The Sunshine In – The Property Imperative Weekly 18 August 2018”
Welcome to the Property Imperative Weekly to 14 April 2018. We review the latest property and finance news. There is a massive amount to cover in this week’s review of property and finance news, so we will dive straight in. CoreLogic says that final auction results for last week showed that 1,839 residential homes were … Continue reading “The Property Imperative Weekly to 14 April 2018”
The ACCC has instituted proceedings in the Federal Court against credit reporting body, Equifax Pty Ltd (formerly Veda Advantage Pty Ltd), alleging breaches of the Australian Consumer Law (ACL). The ACCC alleges that from June 2013 to March 2017, Equifax made a range of false or misleading representations to consumers, including that its paid credit … Continue reading “ACCC takes action against Equifax, formerly Veda”