Sydney-based payments provider Monoova is partnering with fintech lender Jacaranda Finance to deliver faster payments processing times, in a move designed to enable Jacaranda to deliver an improved loan experience to its customers.
Australian biggest customer-owned bank, Heritage Bank, has partnered with global information services company Experian to set up a loans origination platform that will reduce the loan processing time by up to 80%.
Australia’s competition regulator the ACCC has granted interim authorisation for members of the Australian Securitisation Forum (ASF) to work together to assist smaller lenders to maintain liquidity and issue loans to consumers and small businesses during the “economic disruption” caused by the COVID-19 pandemic.
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