Summary IOOF Holdings is stemming from the repercussions of Haynes Royal Commission under new leadership and plan. COVID 19 pandemic has impacted the company’s revenues and sparked outflow through early super access scheme. At the end of ...
Summary BNPL firms provide options to customers to pay later through an interest-free, transparent, and smooth checkout system. Splitit has reported strong growth in Q2 ended 30 June, with record merchant sales volume of USD 65.4 million, up 26...
Summary In the “Buy Now Pay Later” business model, the entire risk lies with BNPL players as the customer receives the merchandise or service real time, with the merchants receiving the entire payment within a stipulated time. Austr...
Summary APRA has announced updated capital management guidelines for insurers as well as banks. Earlier in April, the regulator strongly recommended deferring dividend payments due to uncertainty in the near-term outlook. ADIs or banks would no...
Summary Of late, Westpac has decided to move 1000 jobs from overseas to Australia, after international coronavirus control measures triggered significant delays in processing times for home loans. Implementing new roles is anticipated to take u...
Summary Earnings at the banking sector have taken a hit with stalling business activities leading to the mounting of bad debt and customers and directors availing moratoriums leading to decreased earnings In an uncertain future, Major banks are...
Summary Technology sector has emerged as a winner in this crisis and is now outperforming the benchmark. Likewise, the technology sector ETFs are also performing strongly and consistently with their indices. Technology ETFs provide low-cost exp...
Summary Bad debts and loan loss picture for banks continues to remain uncertain due to rapidly evolving pandemic and its impact on economic activity. COVID-19 outbreaks remain largely in Victoria, while all other states have proved to be resili...
Anyone would agree to the fact that we live in an era that is significantly driven by technology and the need for technological innovation is growing at a faster pace than ever. More importantly, technology has made our lives faster, easier and far...
Summary Buy now Pay Later companies are witnessing a surge in the number of new customers as well as merchants that are using their platform for managing payments. FlexiGroup Limited has onboarded prominent retailers in 4Q20, including Amart Fu...
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