Digital lender issued restricted ADI licence
Mortgage Business Digital lender issued restricted ADI licence By Malavika Santhebennur 08 July 2021 The regulator has granted a restricted ADI licence to a digital personal lender, making it one of two restricted ADIs in Australia. The Australian Prudential Regulation Authority has granted a licence to Alex Bank Pty Ltd to operate as a restricted authorised deposit-taking institution (ADI), and Alex Corp Ltd as a non-operating holding compa...
Source: mortgagebusiness.com.au