New Zealand’s competition regulator, The Commerce Commission, is taking online money lender NZ Fintech — trading as Moola — to court alleging the company breached the lender responsibility principles in the Credit Contracts and Consumer Finance Act.
National Australia Bank has pledged to allocate $2 billion in funding over five years to help emerging technology companies build and grow their businesses.
An entirely paperless and AI-powered commercial lending platform, designed for both brokers and borrowers, has been launched in Australia, with several million dollars and three years invested in its development to date.
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