Australian banking group Westpac has announced that peer-to-peer lending platform SocietyOne is the second partner to join its new digital banking-as-a-service platform.
Westpac Bank has signed a settlement agreement with the New Zealand consumer watchdog, The Commerce Commission, admitting it breached the Credit Contracts and Consumer Finance Act 2003, and agreeing to make payments to customers totalling $3.7 million.
Fifty thousand dollars is on offer in the 2019 Westpac Innovation Challenge which gives start-ups, scale-ups and entrepreneurs the chance to win and provide them with professional support to grow their businesses.
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