Prospa expands its offerings
Small business lender Prospa has expanded its offering in New Zealand.
Small business lender Prospa has expanded its offerings with the launch of Bill Pay, Xero Line of Credit integration as well as new loans features - giving small business owners the tools they need to grow and scale their business.
After almost 12 months since launching New Zealand’s first SME lending app, Bill Pay streamlines the previously manual process of managing outgoing payments,...MORE»
ANZ says Kiwibank is grabbing 25% of home and business loansWednesday, October 23rd, 3:43PM
ANZ Bank New Zealand says the government-owned Kiwibank is currently winning a quarter of new home loans and busines loans, proving the Commerce Commission was wrong in concluding Kiwibank has not been playing a maverick role in the market. MORE» |
AI forecast to take care of majority of advisor loan dealsFriday, October 18th, 9:03AM
Artificial intelligence will be able to handle up to 80% of advisor loan deals within seven years according to the founder of Australasian asset loan broker LoanOptions.ai. MORE» |
Basecorp gets more funding for short-term mortgages
Basecorp Finance secures additional $50m funding for short-term mortgages, reduces rates
MORE»Banks slash floating rates after 50bp OCR cut
The Reserve Bank cut its official cash rate (OCR) by 50 basis points to 4.75%, as expected, and said it assesses that inflation is now within its 1% to 3% target range “and converging on the 2% midpoint.”
MORE»BREAKING: OCR 4.75% – Monetary restraint reduced as inflation converges to target
The Monetary Policy Committee today agreed to cut the Official Cash Rate (OCR) to 4.75 percent.
MORE»Economists, markets expect a 50bp OCR cut on Wednesday
Interest rate relief is on its way; but how much? We check in with economists to find out.
MORE»Ratings agency positive about Avanti's market position
Changes to Avanti's funding base well received by ratings house.
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