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Banking
  • June 6 2019 How SMEs can avoid common financial pitfalls by managing cash flow

    Setting up a small business can be an exciting yet daunting experience. By the time you actually launch your business you have likely experienced a lot of uncharted waters, sleepless nights, caffeine highs and are generally left questioning your overall sanity. Trust me I know. In 2008 my brother and I started our business, Credit Read More…

  • May 20 2019 Let’s Talk: Competition

    Today we posed the question of competition, and whether the big financial institutions can survive without Fintech or not. We know that competition in the banking landscape is very low, with the big 4 still holding most of the power in the market. It’s been a subject that we have discussed a lot at Dynamic Read More…

  • May 14 2019 Confidence slips after RBA holds rate: ANZ

    Consumer confidence fell last week as Australians’ perception of the economy at large took a sharp negative turn following the central bank’s decision not to cut the cash rate, ANZ analysts say. The ANZ-Roy Morgan Australian Consumer Confidence index slid by 2.1 per cent from the previous week, with the “time to buy a household Read More…

  • April 26 2019 Morrison: Interest rate cut up to RBA

    Prime Minister Scott Morrison won’t be drawn on a possible interest rate cut by the Reserve Bank, saying any reduction is a decision for the independent central bank. Financial markets see an increased likelihood of a cut in the 1.5 per cent cash rate after inflation figures released this week showed the annual rate unexpectedly Read More…

  • April 23 2019 National research reveals SMEs’ top five funding frustrations

    Around 9 out of 10 Australian SMEs are frustrated about their business funding, naming onerous loan conditions, having to provide property security and a lack of flexibility as their major concerns. These are the findings of the latest SME Growth Index, conducted independently by banking market analysts East & Partners, on behalf of national working capital Read More…

  • April 18 2019 Experiences are the way to capture the hearts (and wallets) of bank customers

    Byline: Todd Handcock, President, Asia Pacific, Collinson Banks are facing increasing pressure to grow their business in the era of digital disruption and open innovation. Profound changes in consumer behaviour, technological innovations, the availability of a massive amount of data and the connected lifestyle of customers have led to a blurring of industry boundaries. Today’s consumers Read More…

  • April 15 2019 Banks rejecting SMEs for finance

    The challenge of securing bank finance is seeing a growing number of small and medium enterprises (SMEs) turn to online lenders. One in four SMEs have been knocked back for bank finance Among SMEs rejected by a bank, one in three have turned to family/friends or a credit card for funding Of those SMEs that Read More…

  • April 4 2019 Stay savvy with business loans and save

    Staying with a Big 4 bank could cost you $6,007 in extra interest on a $250,000 business loan over 5 years The average Big 4 business loan rate is 88 basis points higher than the average of the challenger banks The Big 4 failed to pass on the 100 basis point cut to the official Read More…

  • January 8 2019 Regulated investment fund provides an opportunity to invest in cryptocurrency

    INVESTORS now have an opportunity to indirectly invest in cryptocurrency assets following today’s launch of the Helio Secured Income Fund – a regulated Managed Investment Scheme with an Australian Financial Services Licence. The new arm of Helio Lending is an Australian, unregistered, open-ended unit trust open to Wholesale Clients with a minimum investment of $50,000. Read More…

  • March 20 2018 ASIC report provides small business lenders with guidance on unfair contract terms laws

    The Australian Securities and Investments Commission (ASIC) has released a report detailing changes made by the big four banks to remove unfair terms from their small business loan contracts of up to $1 million. The report, Unfair contract terms and small business loans, also provides detailed guidance to bank and non-bank small business lenders about compliance with Read More…

  • December 11 2017 “We’re helping SMEs navigate the lending market for the best loan outcome,” says ebroker CEO

    Due to the ‘gigantic profits’ banks derive from processing the ‘lion’s share’ of home loans in Australia, traditional lenders haven’t had a compelling case for servicing small businesses – rejecting around 50% of their loan requests, according to Simon Isaacs, founder and CEO of fintech startup ebroker. “Banks can lend $62.50 for every dollar* of their Read More…

  • October 9 2017 NAB “first off the mark” with shorter, plain English loan contracts for small businesses

    National Australia Bank’s decision to introduce shorter, plain English loan contracts for small business borrowers has been welcomed by the Australian Small Business and Family Enterprise Ombudsman. According to the bank, more than 130,000 business owners will benefit from the complete overhaul of its existing business standard loan form contract, which involved simplifying contractual clauses, Read More…

  • August 25 2015 Study reveals SMEs spend 10 days per year managing finances

    The Commonwealth Bank has introduced a Real-time Alerts feature for their Business Transaction Accounts following a new study that revealed small businesses spend more 10 days a year managing finances. According to the survey of over 500 small business decision makers, 75 per cent of the time spent included tasks such as chasing payments, scheduling Read More…

  • November 4 2014 Lending competition opens up opportunities for business owners

    Increased competition between the major banks on new lending following the global financial crisis is opening up a new opportunity for stable businesses seeking access to finance.

  • June 25 2014 How to reinvigorate your business in 2014-15

    One of the keys to shake-up your business in the new financial year is to keep your records up to date. Doing this increases your business’ value, provides easier access to finance and allows a better insight into how you are performing. Business policy advisor at CPA Australia, Gavan Ord, told Dynamic Business that too Read More…