Lending

A former major bank executive will launch a new fintech business this year to compete directly with the third-party channel on prime mortgages.

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Peer-to-peer lender MoneyPlace has entered into a strategic relationship and equity deal with Auswide Bank.

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SocietyOne co-founder Greg Symons is confident that marketplace lenders will enter the home loan market within the next five to 10 years.

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Several global universities are currently collaborating to survey the size and potential economic impact of the alternative finance sector in the Asia-Pacific region.

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The corporate regulator has defended its approach to peer-to-peer lending, which has seen most players in the market adopt a managed investment scheme business model.

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