Latest Financial Services News

Findi Limited has rapidly expanded its White Label ATM franchise and achieved a record A$5.26 billion annualised digital transaction run-rate on its Bankit platform in October 2025, signaling strong momentum in India’s payments landscape.

Group One Capital Limited has appointed Ross Patane as Managing Director and CEO, marking a strategic leadership transition with seasoned expertise at the helm.

Pepper Money and KKR have agreed to acquire Westpac’s RAMS home loan portfolio, marking a significant move in Australia’s mortgage servicing landscape. The $21.4 billion portfolio acquisition aligns with Pepper Money’s strategy to expand its capital-light servicing business.

Westpac has agreed to sell its $21.4 billion RAMS mortgage portfolio to a consortium led by Pepper Money, KKR, and PIMCO, aiming to simplify operations and boost capital ratios despite an expected loss on sale.

CL8 Holdings has finalized proceeds from its Carly Car Subscription sale, slashed expenses, and is actively pursuing new business opportunities despite a lean cash position.

Clime Investment Management has bolstered its balance sheet with a $2.3 million placement and launched a strategic product review amid evolving market dynamics and industry consolidation.

HALO Technologies reports a 17% rise in quarterly revenue, driven by a surge in brokerage income and a strategic launch of Managed Funds in Australia, supported by a recent $3.9 million rights issue.

Income Asset Management has issued 34 million new equity-linked securities to key staff, potentially diluting shares by 3.7%, aiming to better align employee rewards with shareholder value.

DigitalX Limited has accelerated its Bitcoin-first treasury strategy with a $20.7 million capital raise, nearly doubling its Bitcoin holdings to over 500 BTC and unveiling an ambitious plan to reach 2,100 BTC by 2027.

Steadfast Group reveals the remuneration package for new Acting CEO Tim Mathieson, highlighting a $1 million fixed salary plus substantial performance incentives for FY26.

Steadfast Group Limited has posted a 17.2% rise in underlying net profit after tax for FY25, marking its 12th consecutive year of growth, even as its CEO steps aside pending an investigation. The company also announced a leadership transition with Vicki Allen named incoming Chair.

Australian Bond Exchange Holdings (ASX – ABE) unveiled new AUD-denominated market-linked securities and progressed its AI-driven credit analysis tool, while reporting a $0.7 million quarterly cash outflow and plans for capital raising.