Page 3 - Nextgen Net News Today

Non-majors highlight turnaround success subscribe A A Several non-major banks have revealed how they are working to keep turnaround times fast and reduce channel conflict. Following on from The Adviser’s coverage of the ongoing delays facing the broker channel when it comes to mortgage approvals (see the June edition of The Adviser magazine for more), many banks have been revealing the actions they are taking to ensure that credit decisions are made as quickly as possible and that channel co...

Mortgage Business ANZ forms open banking partnership By Malavika Santhebennur 29 April 2021 A fintech company has announced that it has signed ANZ as a client for its open banking platform. Frollo – which is owned by technology solutions provider NextGen.Net – has announced that the major bank has partnered with it for access to open banking...

Open Banking: Australian Financial Institutions Plan to Fully Support Responsible Customer Data-Sharing Practices by Nov 2022 The introduction of Australia’s Consumer Data Right (CDR) laws on July 1, 2020 marked the initial phase of Open Banking in the country, which may improve the services offered by the local banking sector. More than 6 months into CDR and Open Banking in Australia has not yet provided significant advantages or benefits to consumers, according to Richard Atkinson, who’...

Non-bank lender adopts digital compliance tech subscribe Sarah Buckley Sarah Buckley A A A non-bank lender has said that it is moving to “speed up and streamline” loan applications after adopting digital compliance technology. Better Choice Home Loans has announced that it has adopted NextGen.Net’s compliance technology into its current application experience through ApplyOnline. Better Choice’s executive director, Allan Savins, said the move would help digitise the experience, “cutti...

The opening up of data subscribe A A On 1 November, the Consumer Data Right was expanded to include mortgage data for the first time. We take a look at how the new regime applies, what it means for brokers, and what the industry thinks about its utilisation. The Consumer Data Right (CDR) has been active now for around six months, having started with the banking sector from July 2020 (as part of the open banking regime) and eventually intended to make its way to other sectors of the economy, inc...