Home loans stories
Wealthfront posts record revenue and assets but plunges to GAAP loss after IPO-linked stock-based pay drives expenses sharply higher.
The pilot is expected to speed up complex home-loan decisions while keeping final approval with ING staff and maintaining explainable oversight.
The bank says underwriters can now complete work in minutes rather than 15 hours, as it rolls out agentic AI across home lending.
Hidden process gaps in mortgage origination can let fraudulent loans slip through, raising fresh questions for banks after a Australian Big Four case.
nCino adds Argyle-powered tool to automate document income checks in its mortgage platform, targeting lenders when data feeds fall short.
Severe financial stress is changing household payment hierarchies, with mortgages now as likely as credit cards to fall behind first in some cases.
Cost-of-living pressure is pushing New Zealand households to protect power and water bills first, while telco debts are among the first to slip.
Business customers and retailers can now use open banking payments and data sharing in one app, ahead of regulation by six months.
Customers will spend less time hunting for bills and security settings as the bank rolls out a simpler mobile and online layout.
The approval lets eligible Australians borrow against crypto holdings under direct oversight, as the sector seeks clearer rules and mainstream acceptance.
Rising margins pressure and a Middle East supply shock are testing lenders, even as provisions and capital buffers are lifted.
The rollout gives Questbank the core banking system it needs to begin offering deposits and mortgages to Canadian customers under OSFI rules.
The deal lifts Recludo's combined residential loan book above USD $3 billion, underscoring a wider push to consolidate mortgage brokers.
Fraud checks and collections improved after Absa switched to WhatsApp messages, lifting self-solve cases and payments from distressed borrowers.
The shortlist comes as the sector weighs new rules on payments, scams and data rights, with 160 finalists vying across 22 categories.
Small firms and mortgage seekers could gain faster access to credit as the regulator widens permissioned data sharing beyond open banking.
Mortgage brokers now handle more than three-quarters of new home loans in Australia, sharpening competition and compliance pressures.
Borrowers could soon compare mortgage offers in one place as the Auckland fintech targets a mid-year launch after years of testing.
Compare Club adds HBF, HIF and see-u to its panel, lifting coverage to about 67% of Australia's private health insurance market.
Lendi Group taps MongoDB to rebuild data platform and go fully AI-native by 2026, targeting faster rollout of mortgage and property services.