Lending
Lumi launches new line of credit product
Fintech lender Lumi has released a new line of credit product after becoming the latest non-bank lender to be appointed to the government’s Coronavirus SME Guarantee Scheme.
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Lenders urged to discard ‘high-risk’ processing methods
The current crisis should be used as an opportunity for lenders to overhaul their processing platforms and embrace new technology, according to fintech NextGen.Net.
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Brokers alerted to online scams
Brokers are being urged to be wary of scam emails claiming to be from regulators or lenders during the COVID-19 pandemic.
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Asset finance surging amid COVID-19
A fintech platform has revealed that demand for asset finance from some business industries has doubled amid the social distancing environment.
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COVID-19 will have ‘dramatic effect’ on mortgage process
The rapid move to support digital mortgages amid the coronavirus pandemic “will have a dramatic effect” on how people will transact on mortgages in future, the CEOs of NAB and ANZ have suggested.
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