Over recent years, a range of fintech (financial technology) challengers to Australia’s traditional banking sector, dominated by the four big banks, have emerged. Smaller, nimbler operators harnessing the power of new technology for financial transactions are disrupting the big banks, including peer-to-peer (P2P) lenders.
What does it mean for you? In a rapidly evolving response to the spread of COVID-19, the Federal Government’s second support package announced on 22 March, has flicked the switch to more income support for retirees and workers.
The Pulse Despite a reasonably robust underlying economy, the impact of the coronavirus is likely to weigh heavily on the US and other China‐exposed economies.
After a period of optimism, global investment markets have hit the panic button on fears about the economic impact of the coronavirus (COVID-19). At times like these, it’s good to get some perspective.
As the world celebrates International Women’s Day and all that women have achieved, it’s a good opportunity to take stock. Australia has undoubtedly come a long way in terms of workplace participation, equal pay and financial independence, but there is still some way to go.