Lending

Proquo, a digital marketing platform created by NAB and Telstra, will be officially launched in July 2016 and will enable small businesses to network and swap services.

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New York State’s financial regulator, which recently launched a probe into Lending Club, is preparing to look into the activities of other online lenders and whether they should be licensed within that state, a source close to the matter said on Wednesday.

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Peer-to-peer lending was supposed to be a major theme in how individuals borrow money, while also presenting a compelling investment case to investors.

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TruePillars, a marketplace for SME business loans between $15,000 and $250,000, has been launched by a former career banker at NAB and Royal Bank of Scotland.

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Australia’s alternative finance market has grown by 320 per cent in 2015, providing businesses with more access to affordable finance, according to a new KPMG report.

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