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Lending

The government has been urged to enable lenders to accept digital signatures on business loans by the chief of a big four bank.

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The previous ME Bank CEO, Jamie McPhee, has joined the non-bank lender’s board as a non-executive director, along with a former American Express executive.

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The chief of the big four bank has denied the 86 400 takeover will kill industry competition, insisting the deal will inspire others in the marketplace to step up their game.

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The neobank has recruited fintech specialist Lisa Frazier to the company to be its new chief operations officer.

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The lender has upped the limit of its automotive warehouse facility from $275 million to $350 million.

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