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According to a data analysis agency, one in four ADIs could exit the market within the next five years, as unemployment levels rise, and credit appetite dissipates.
One of Australia’s underdog neobanks has received $443 million in funding from a global banking industry investor.
A Melbourne-based fintech has partnered with a bank to launch new mortgage offerings processed via its digital platform.
Alternative assets investment fintech iPartners has launched a US student housing opportunity on its platform, the first housing investment it has made internationally.
Peer-to-peer (P2P) lending platforms are beginning to challenge bank loans, with their simplicity and accessibility appealing to cash-strapped consumers.
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