RG209 Update: Patterns not Payslips
Key takeaways from ASIC’s update to the Responsible Lending Guidance (RG209).
Where we are with CDR
The ACCC has deferred the launch of the CDR to July 2020. In light of this, it’s useful to take a look at current CDR legislation. To help you get a better understanding of the issues at play, we’ve detailed three areas of interest.
Basiq closes Series A funding round | Basiq
Basiq, a leading fintech providing access and insights into financial data, has concluded its Series A funding round with investments from NAB Ventures, Salesforce Ventures and Westpac’s Reinventure.
Rethink lending with Basiq Affordability
By partnering with Basiq to leverage open banking data, it is possible for lenders to increase the speed to approval as well as the likelihood of approval for more Australians.
Announcing customer self-service via ‘Basiq Connect’
Introducing ‘Basiq Connect’ – a customer portal which allows applicants to securely connect to their bank so lenders can generate an affordability report – no development required.
Gain a full view of customer expenses with Basiq
With responsible lending in the spotlight it can be difficult for lenders to keep up. Basiq helps lenders improve the accuracy of their assessments and processing time by providing them with access to verified expenses.
