Sydney-based life insurer NobleOak Life (ASX: NOL) has received a notice from the Australian Prudential Regulation Authority (APRA) saying that it is in breach of its prudential and reporting obligations concerning its capital. The regulation authority informed NobleOak that the calculation and reporting of its reinsurance asset exposures deviated from APRA’s prudential standards. As per
Read More
Fresh from reporting a bumper June quarter result which rounded out their FY22 with a 97% increase in revenue to $32.5 million, digital payments company Novatti Group (ASX: NOV) may have something even bigger brewing having just secured $10.5m in funding by leveraging their assets to issue a bond. While other listed companies tend to
Read More
Australians will soon have more options for their banking services with the Australian Prudential Review Authority issuing the first new banking licence since 2019 before the regulator hiatus through the pandemic. The newest license, granted to Alex Bank last week, signals a win for Australians who had tired of the Big Four’s power on the
Read More