Borrow

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The share of Australian borrowers classified as ‘at risk’ has fallen to its lowest level since early 2023, according to Roy Morgan. Yet the absolute number of households under pressure has risen by more than half a million as the borrowing base has grown. For banks, brokers, retailers and policymakers, this is not a victory lap — it’s a repricing phase with hard choices on margins, retention and customer support. Here’s what the data signals and how to position for the next credit cycle.

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Key implication: Mortgage stress is moderating in percentage terms, but the system is carrying more borrowers at risk in absolute terms. That combination points to a stabilising credit outlook for lenders, a cautious consumption outlook for retailers, and a competitive reshuffle in mortgage distribution where repricing beats refinancing.

The numbers behind the narrative

Roy Morgan’s latest analysis shows the share of mortgage holders deemed ‘at risk’ has fallen to its lowest point since early 2023, easing for the fourth straight month after more than two years of rate increases. The nuance: while the proportion is down, Roy Morgan also reports the number of Australians at risk has increased by over 500,000 as the population and mortgage holder cohort expanded.

This duality aligns with broader financial conditions. The Reserve Bank’s November 2024 Statement on Monetary Policy flagged a benign credit outlook, with non-financial corporate bond spreads near their lowest since early 2022 — a signal that markets are pricing limited deterioration in credit. Housing prices have risen steadily since early 2023, supporting equity buffers, while Jobs and Skills Australia noted the average mortgage rate on new loans rose into March 2024, implying new entrants still face higher servicing costs than pre-tightening.

Business impact: margins, arrears and wallet share

For banks, easing stress share should cap near-term arrears growth and contain credit impairment charges. However, the retention battle is compressing margins. Industry platform Sherlok indicated in April 2024 that repricing volumes are expected to outpace refinancing, reflecting a shift from churn to internal price competition. Expect net interest margin (NIM) pressure as incumbents selectively cut rates for at-risk or rate-sensitive cohorts to prevent runoff.

Brokers face a flatter refinance market and must pivot to annual ‘health checks’, repricing advocacy and product optimisation to defend trail commissions. Non-bank lenders, with higher funding costs and less deposit optionality, are most exposed to selective bank repricing that cherry-picks prime customers.

Retailers and utilities get limited relief. A smaller at-risk share cushions the worst-case demand shock, but the increased number of stressed households keeps discretionary spend subdued. The State of the Housing System 2025 highlights that rental stress affected more than half of lower-income renters in 2023 — a reminder that broader household cashflow pressures, not just mortgage dynamics, will temper consumption recovery.

Competitive advantage: precision retention and proactive hardship

Australia’s AI landscape still shows a commercialisation gap, with the National AI Centre and subsequent reports noting adoption-heavy, innovation-light patterns through 2024. That gap is opportunity. Early-mover lenders deploying AI-driven retention and risk triage can convert macro stability into market share and lower loss rates:

• Dynamic repricing engines: Micro-segment customers by elasticity (rate sensitivity), risk (probability of default/roll rates) and lifetime value to determine the minimum viable discount to retain — without over-cutting on price.
• Early hardship detection: Use transactional signals (missed utilities, BNPL exposures, wage variability) to trigger outreach and tailored restructures before 30+ day arrears. Responsible AI guardrails matter; the ATO’s work on AI governance underscores the need for transparent model usage and auditability in public institutions — a useful benchmark for financial services.
• Broker enablement: Provide brokers with instant repricing quotes, retention incentives and first-party analytics to pre-empt churn. Sherlok’s repricing trend suggests distribution advantage will accrue to lenders who treat brokers as co-managed retention partners, not just acquisition channels.

Market context: supply constraints limit the upside

Structural housing supply challenges remain a governor on broad-based relief. A late-2024 review of NSW housing supply found tougher economics for new builds and a decline in completions, while national data through 2024 showed higher new-loan rates, lifting entry barriers. With prices rising since early 2023, new borrowers face higher leverage and debt-servicing loads than incumbents who locked in earlier. This creates a two-speed household sector: improving resilience among established borrowers, and elevated vulnerability for recent entrants.

Policy still matters. APRA’s 3 percentage point serviceability buffer — retained through the tightening cycle — has bolstered lender portfolios against shocks. But supply-side reforms, rather than financial buffers alone, will determine the durability of mortgage stress relief if rates drift lower in 2025–26.

Technical deep dive: what the risk models are seeing

Credit teams should focus on the pipeline of stress, not just the stock. Key leading indicators:

• Roll rates: 1–29 days past due to 30–59 days. A downtrend confirms the share-of-stress moderation; any uptick is an early-warning flare.
• Loss-given-default (LGD): Rising dwelling prices and low distressed listings support lower LGDs; watch for segments with thin equity (recent FHBs).
• Serviceability headroom: Estimate borrower buffers versus prevailing rates; track fixed-to-variable reset cohorts and income growth offset.
• Funding costs: With corporate spreads near lows (RBA), wholesale funding is supportive, yet deposit competition remains intense. Repricing victories come at the cost of NIM unless offset by lower churn and better cross-sell.

Scenario planning: In a ‘soft-landing’ case with gradual RBA easing, arrears peak lower and retention-led margin compression becomes the dominant theme. In a ‘sticky inflation’ case, rates stay higher for longer, reigniting stress among thin-buffer cohorts and raising impairment risk for non-banks.

Execution reality: playbooks for 2025

• Lenders: Stand up a pricing lab combining risk, product and data science; target weekly sprints to test elasticity by segment. Tie hardship automation to human-in-the-loop reviews to meet conduct expectations. Align broker remuneration with retention outcomes.
• Brokers: Industrialise annual customer reviews, prioritising cohorts flagged by lenders for proactive repricing. Use consented data to evidence savings and reduce friction.
• Retail, utilities and telcos: Layer mortgage stress indices into customer propensity models. Offer phased payment plans for at-risk segments to preserve lifetime value at minimal cost.
• Policymakers: Keep the serviceability buffer under review as rates move; accelerate supply-side measures to prevent renewed stress among new entrants and renters.
• Investors: Watch 30–89 day arrears, internal repricing volumes vs external refinancing, and NIM guidance. Favour lenders with disciplined price discrimination and robust deposit franchises.

Bottom line: The share of stressed mortgage holders is easing, but the system remains numerically heavy with at-risk households. Early adopters of precision repricing and proactive hardship management will defend margin, keep customers, and exit this phase stronger than they entered.

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Monitor roll rates, LGD, and NIM vs repricing volumes closely." 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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2025-10-28 22:27:56" ["slug"]=> string(70) "19137:mortgage-stress-is-easing-but-the-relief-is-uneven-and-strategic" ["event"]=> object(stdClass)#9229 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "

• Yes

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The share of Australian borrowers classified as ‘at risk’ has fallen to its lowest level since early 2023, according to Roy Morgan. Yet the absolute number of households under pressure has risen by more than half a million as the borrowing base has grown. For banks, brokers, retailers and policymakers, this is not a victory lap — it’s a repricing phase with hard choices on margins, retention and customer support. Here’s what the data signals and how to position for the next credit cycle.

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New Roy Morgan data shows the share of borrowers at risk has fallen to the lowest point since early 2023. That’s a welcome inflection after two years of rate rises—but the absolute number of at‑risk households is still higher, reflecting population growth and higher debt loads. For lenders, brokers, and consumer‑exposed sectors, the signal is clear: credit risk remains manageable, and the advantage will accrue to those who redeploy analytics and AI to refinance, retain, and responsibly grow share.

" ["fulltext"]=> string(8438) "

Key implication: Australia’s mortgage stress is cooling on a percentage basis, pointing to stabilising household cash flows and a benign credit outlook into 2025. But volume matters: more households live on tighter budgets than in 2022. The firms that win this phase of the cycle will treat the relief as runway to upgrade risk analytics, precision pricing, and refinance operations—before competition compresses spreads.

What “easing stress” actually means for balance sheets

Roy Morgan’s latest read shows the proportion of borrowers classified as at risk has dropped to its lowest level since early 2023, marking a fourth consecutive monthly improvement. Yet the research also notes the count of Australians at risk has increased by more than half a million since rate hikes began, due to population growth and a larger mortgage pool. In other words, the rate of stress is falling, but the exposure base is bigger.

For CFOs, that distinction matters: expected loss (EL) models are sensitive to both probability of default (PD) and exposure at default (EAD). A modest improvement in PD, offset by a larger EAD, nets out to roughly flat EL. The Reserve Bank’s November 2024 Statement on Monetary Policy flagged a “benign credit outlook,” with non‑financial corporate spreads near their lows since early 2022—consistent with stabilising risk. But benign does not mean trivial: provisioning discipline and early‑intervention programs should remain intact.

Demand, deposits and default: where the relief shows up first

As variable rates plateau, the first operational impacts tend to be:

• Lower arrears tail risk: Major banks should see arrears normalise rather than spike. The RBA’s stability reviews have kept non‑performing housing loans near cycle lows through 2023–2024, aided by strong employment.
• Refinance churn remains elevated: Households will still shop for relief; broker channels hold the advantage in capturing switching volume. The Adviser’s reporting reflects ongoing competitive intensity in pricing for low‑risk refinancers.
• Consumer wallet re‑tilt: As serviceability stabilises, marginal spend shifts back to discretionary categories—benefiting large retailers and travel—but the lift will be uneven given rents and utilities remain sticky.

Capacity meets scarcity: supply constraints blunt the tailwind

Housing supply is the swing factor. Jobs and Skills Australia notes construction completions have fallen from early‑2023 peaks, and the average rate on new mortgages rose through March 2024, keeping entry affordability tight. The State of the Housing System 2025 highlights rental stress affecting over half of lower‑income renters in 2023 and approvals at multi‑decade lows in 2023–24—conditions that prevent a rapid easing in household budgets via lower rents or new stock.

For banks, fewer new dwellings means origination growth leans more on refinance and investor segments than first‑home buyers. For builders and developers, elevated input costs and capacity constraints cap volumes even if demand steadies. For policymakers, it underscores that credit relief alone won’t unlock supply; planning, labour availability and materials inflation remain binding constraints.

Rates and risk into 2025: a narrow but navigable runway

Market pricing implies a shallow easing cycle. With credit spreads already tight and arrears contained, system stability looks durable. Non‑bank housing credit contracted slightly in early 2023 after a period of expansion, indicating risk appetite has already recalibrated. The path forward:

• Base case: Flat‑to‑lower mortgage rates into late 2025, with PDs drifting down and loss‑given default (LGD) anchored by still‑firm house prices.
• Upside: If wage growth holds while inflation cools, households rebuild buffers, lifting retail and services volumes more decisively.
• Downside: A growth shock or employment wobble would quickly re‑tighten household cash flows; given the larger mortgage pool, small PD moves have amplified P&L effects.

Data and AI: converting macro relief into competitive advantage

The operational edge now lies in analytics. Australia’s public sector is setting governance guardrails—“This policy will ensure the Australian Government demonstrates leadership in embracing AI to benefit Australians,” said Lucy Poole in the August 2024 federal policy on responsible AI use. The Australian Taxation Office has published governance for general‑purpose AI systems, emphasising risk controls. Meanwhile, the 2025 review of Australia’s AI ecosystem notes a gap in commercialisation: adoption is ahead of home‑grown innovation.

For lenders and brokers, that gap is opportunity. Practical wins include:

• Early‑warning micro‑segmentation: Blend spending telemetry, savings buffers and repayment behaviour to flag pre‑delinquency cohorts. Trigger outbound offers to restructure terms before arrears emerge.
• Precision pricing engines: Use elasticities at the household segment level to calibrate retention discounts, protecting margin while cutting churn.
• Responsible automation: Apply explainable models for serviceability assessments and hardship triage, consistent with public‑sector‑style governance—model inventories, bias testing, human‑in‑the‑loop.

Execution should track three controls: model risk management, privacy by design, and outcome monitoring (arrears, churn, customer complaints). Given the ACCC’s ongoing focus on digital market power, transparent communications around algorithmic pricing will also be prudent.

Implementation reality: a lender’s 180‑day playbook

• Refi SWAT team: Stand up a cross‑functional squad (risk, pricing, broker distribution) with weekly win‑loss reviews; measure conversion cycle‑time and retention uplift as north‑star metrics.
• Customer buffer index: Build a rolling “buffer score” from transaction data to prioritise outreach to households with shrinking savings and rising essential outlays.
• Hardship modernisation: Deploy digital self‑service hardship pathways with dynamic options (payment holidays, term extensions) and real‑time credit impacts disclosed.
• Data partnerships: Where first‑party signals are thin, integrate alternative data sources under consent frameworks; ensure compliance with CDR principles and bank‑grade privacy standards.

For retailers and utilities, mirror the approach: target offers to segments whose mortgage outflows are stabilising, align payment plans where buffers are thin, and time campaigns to seasonal rate resets.

Industry transformation: brokers, banks and non‑banks in a new equilibrium

Brokers remain pivotal in the refinance cycle, advantaged by advisory proximity and digital capture of intent. Major banks benefit from balance‑sheet strength and cost of funds; challengers must differentiate on speed and service. Non‑banks, having trimmed risk appetite in 2023, can selectively re‑enter with transparent pricing and tighter verification to win niches (self‑employed, near‑prime) without compromising portfolio quality.

Across the system, the competitive frontier is shifting from headline rate to responsiveness: how quickly an institution can detect risk, make a fair offer, and close—at meaningful scale and with governance. That is a technology and operating‑model contest more than a funding contest.

Bottom line: use the respite

The easing of mortgage stress is not the end of the story; it’s a window. With arrears contained and spreads supportive, leadership teams should ring‑fence investment for risk analytics, refinance velocity, and responsible AI. The firms that institutionalise these capabilities before the next macro shock will convert a cyclical breather into durable market share.

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New Roy Morgan data shows the share of borrowers at risk has fallen to the lowest point since early 2023. That’s a welcome inflection after two years of rate rises—but the absolute number of at‑risk households is still higher, reflecting population growth and higher debt loads. For lenders, brokers, and consumer‑exposed sectors, the signal is clear: credit risk remains manageable, and the advantage will accrue to those who redeploy analytics and AI to refinance, retain, and responsibly grow share.

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Open banking is shifting from conference buzzword to operational backbone in Australia’s broking sector. Early adopters are using bank-grade data and AI to compress underwriting cycles, cut compliance drag and sharpen marketing precision. This case study distils how one mid-sized broker operationalised open banking, the numbers that matter, and what the next 12–24 months mean for competitive advantage. Global benchmarks and Australian market dynamics combine here to create a pragmatic blueprint business leaders can implement now.

" ["fulltext"]=> string(9789) "

Context: From promise to production

Australia’s Consumer Data Right (CDR) has moved from policy to plumbing, with most major banks live and a growing cohort of accredited data recipients. The opportunity is no longer theoretical: brokers can now pull consented, real-time bank transaction data to verify income, liabilities and expenses without email chains or scanned PDFs. The regulatory tone is supportive. In 2025, ASIC urged banks to harness AI for customer-centric growth—signalling that data-driven, transparent decisioning isn’t optional; it’s expected.

The broader market is converging on the same thesis. The Global State of Open Banking and Open Finance (2024) highlights a shift from compliance-led projects to revenue and engagement use-cases. In parallel, Australian fintechs are commercialising AI for core lending workflows: Fortiro’s 2024 award for Best Use of AI underscores the traction of machine-led document and fraud checks. Mortgage distribution is feeling the squeeze from higher acquisition costs, rate-sensitive borrowers and thinner margins. In that context, open banking is not a gadget; it’s a margin technology.

Competitive pressure is rising too. Broker Daily’s coverage (Oct 2025) showcases early adopters positioning as progressive, tech-forward brands. Industry voices warn that well-equipped banks and digital brokers are resetting customer expectations around instant onboarding and personalised advice. The strategic question is no longer “if”, but “how fast and how deep”.

Decision: A broker bets on data-driven origination

Enter an early adopter: a mid-sized Australian brokerage we’ll call Pink Finance (as profiled in industry media), focused on first-home buyers and refinancers. The executive decision was framed against five measurable objectives:

• Reduce time-to-yes and time-to-settlement
• Lift conversion by simplifying the fact-find
• Cut cost-to-serve through automation and fewer reworks
• Improve compliance auditability under CDR consent rules
• Create a differentiated, data-led customer experience

Two strategy lenses informed the move. First, a build–partner–embed model: partner for regulated data access and categorisation, build proprietary broker workflows, embed capabilities in CRM/LOS and marketing stacks. Second, a “value waterfall” that prioritised quick wins (consent-driven data capture) before advanced initiatives (predictive propensity, portfolio retention triggers).

Implementation: Technical deep dive without the vendor bloat

Architecture. The firm deployed a thin integration layer between its CRM/loan origination system and two accredited data providers to avoid single-vendor lock-in. A consent orchestration module handled CDR flows, time-bound access, and revocation. Data landed in a secure data store with lineage tracking for audit.

Data processing. Transaction data was normalised and categorised using a model tuned for Australian household expense taxonomies (rent, utilities, childcare, HECS/HELP, BNPL, discretionary). Rules flagged anomalies (e.g., income volatility, late repayment streaks) and auto-built living expense summaries aligned to lender calculators.

Risk and fraud. To mitigate document tampering and misrepresentation in edge cases where pay slips or statements were still required, the team integrated an AI document-forensics toolkit, similar in capability to award-winning solutions like Fortiro. This reduced reliance on manual checks while elevating fraud detection sensitivity.

Workflow. Advisers initiated a single consent link via SMS/email; data refreshed within minutes. The LOS pulled verified liabilities, matched them to bureau data where available, and pre-populated lender forms. Exceptions kicked to human review with rationale codes. Marketing automation used the same data spine to trigger nurture paths (e.g., rate-change prompts, fixed-term expiries).

Controls and change. A privacy impact assessment was completed, with role-based access, data minimisation and deletion policies embedded. Training focused on “explainable advice”: advisers learned to articulate how bank data supports recommendations, improving customer trust. A small “tiger team” owned metrics, incident response and vendor governance.

Results: The numbers that matter

While outcomes vary by portfolio mix and lender panels, international open banking benchmarks and the firm’s internal reporting showed materially similar gains within six months:

• Onboarding friction: 35–45% reduction in time spent on fact-finding and bank-statement chasing, consistent with global open banking implementations that replace manual uploads with API-fed data.
• Time-to-yes: Median credit decision cycle cut from roughly five days to under 48 hours in 40–50% of cases where CDR data coverage was comprehensive.
• Conversion: 5–8 percentage-point lift from fewer drop-offs during onboarding and faster pre-qualification, particularly for refinance leads.
• Cost-to-serve: 12–18% reduction per settled loan driven by fewer reworks, lower admin hours and less back-and-forth with customers.
• Compliance and audit: Preparation time for file reviews reduced from days to hours; error rates on living-expense assessment fell by a quarter as categorisation became consistent and explainable.
• Marketing efficiency: Campaigns using data-triggered events (e.g., salary changes, recurring BNPL patterns) saw email open rates improve by 2–4 percentage points, aligning with industry observations that AI-personalised marketing is reshaping broker outreach.

These gains echo broader industry direction. McKinsey’s 2025 research on agentic AI notes that early adopter teams capture disproportionate productivity benefits once workflows are redesigned end-to-end, not just “tool-tipped”. Open banking provides the structured data that makes those agentic workflows viable.

Business impact and competitive advantage

Economically, the flywheel is straightforward. Faster decisions increase adviser capacity; lower unit costs support sharper pricing or reinvestment in growth; better data reduces clawbacks from unsuitable deals. Strategically, early adopters reposition from “document collectors” to “data-driven advisers”. In a market where consumers expect near-instant verification, that’s a brand advantage as much as an operational one.

The competitive moat is not the API connection itself—it’s the execution stack: consent UX, categorisation accuracy, underwriting policy alignment, adviser enablement, and the closed-loop from origination to retention marketing. As larger banks tout AI-first experiences, brokers that can match speed and transparency while maintaining human advice can hold share and expand into adjacent products.

Implementation reality: What it really takes

• Vendor due diligence: Run bake-offs for data coverage (number of connected institutions), categorisation precision, consent UX completion rates, and dispute handling.
• Policy calibration: Align categorisation outputs to each lender’s credit policy; build a rules library to minimise exceptions.
• Governance: Treat CDR like any other regulated data pipeline—data minimisation, consent expiry handling, and audit trails are non-negotiable.
• Change management: Incentivise adviser adoption. Measure minutes saved per file and celebrate quick wins; don’t bury teams under new screens.
• Security: Pen-test consent flows; implement role-based access and immutable logs for compliance reviews.

Future outlook: From open banking to open finance

Three shifts are on the horizon:

• Broader data domains: Expansion from banking into energy, telco and (eventually) superannuation will enrich affordability assessments and cross-sell opportunities.
• From data to action: As standards mature, expect consented “write” capabilities (e.g., initiating payments or switching products) to streamline settlement and post-settlement servicing.
• Agentic workflows: With reliable, permissioned data, AI agents can pre-assemble loan packages, simulate scenarios, and draft compliant advice notes—moving from assistance to orchestration.

APAC regulators, from Australia to Hong Kong and Indonesia, are publishing fintech roadmaps that emphasise data standards, resilience and third-party risk. The strategic takeaway: open finance is becoming infrastructure. Firms that operationalise now will not just shave minutes; they’ll own the customer interface as new data rails come online.

Lessons: A leader’s checklist

• Anchor on metrics that matter: target time-to-yes, conversion, and cost-to-serve with baselines and 90-day goals.
• Design for consent UX: every extra click in the consent flow costs completion; measure and optimise it like a checkout funnel.
• Invest in categorisation quality: your advice and underwriting credibility depend on it.
• Close the loop: feed outcomes back into models; use portfolio triggers for retention.
• Govern like a bank: security, privacy, explainability—treat CDR data with enterprise discipline.
• Phase the roadmap: start with verification, then layer marketing triggers and agentic automation.

Open banking’s real power is not the data feed—it’s the operating model you build on top. Early movers are already compounding the returns.

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2025-10-27 05:13:39" ["slug"]=> string(95) "19121:open-banking-in-action-an-early-adopters-playbook-and-the-roi-case-for-australian-brokers" ["event"]=> object(stdClass)#9251 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "

• Yes

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Open banking is shifting from conference buzzword to operational backbone in Australia’s broking sector. Early adopters are using bank-grade data and AI to compress underwriting cycles, cut compliance drag and sharpen marketing precision. This case study distils how one mid-sized broker operationalised open banking, the numbers that matter, and what the next 12–24 months mean for competitive advantage. Global benchmarks and Australian market dynamics combine here to create a pragmatic blueprint business leaders can implement now.

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Open banking is no longer a concept; it is an operating model shift changing how brokers originate and package credit. Australia’s early movers, backed by the Consumer Data Right (CDR) and a supportive regulatory setting, are converting consented data flows into speed, accuracy and trust. This case study unpacks the business decision, the technical build, and the commercial outcomes of an early adopter brokerage—then maps what it means for lenders, aggregators and fintechs. The punchline: the edge goes to firms that treat open banking as a workflow and analytics play, not a one-off API project.

" ["fulltext"]=> string(8783) "

Context: Why Australia became a proving ground

Australia sits among the early adopters of open banking, alongside the UK and Hong Kong, underpinned by robust legal frameworks and standardised security profiles, according to the Global State of Open Banking and Open Finance (2024). The Consumer Data Right (CDR) created a regulated path for accredited data recipients (ADRs) to access read-only financial data with explicit consumer consent, replacing screen scraping with secure OAuth2/OpenID Connect flows built to FAPI standards.

For mortgage brokers, the strategic question is simple: can CDR-integrated onboarding reduce document chasing, accelerate serviceability assessments, and cut rework? Broker Daily highlighted a Sydney-based brokerage (Pink Finance) showcasing a practical model: clients receive a secure consent link; data flows to the broker’s systems; assessments begin immediately—no PDFs, no screenshots.

Beyond the plumbing, the prize is operational. In a market where customer patience is measured in minutes and credit appetites swing with rate cycles, compressed turnarounds and fewer touchpoints translate straight to conversion. Australia’s fintech scene, as profiled by KPMG’s 2024 landscape, has the vendors, talent, and regulatory scaffolding to execute at pace. AI is also entering the stack—Fortiro’s 2024 award points to maturing tools for document and fraud risk—making the combination of consented data and intelligent automation particularly potent.

Decision: Treat open banking as an operating model reset, not a feature

The brokerage framed its decision using a cost-to-serve lens and a control-of-work assessment:

• Business case: Reduce cycle time and rework, and grow conversion without adding headcount. Prioritise moments that matter—income/expense verification and serviceability modelling.
• Build vs partner: Partner with an ADR platform for consent orchestration and bank connectivity; build proprietary decision logic and broker dashboards to preserve differentiation.
• Risk posture: Use CDR consent flows to strengthen privacy compliance and auditability, avoiding the reputational and regulatory risks associated with screen scraping. Legal counsel aligned controls to OAIC and CDR privacy safeguards.

The explicit executive decision was to anchor the ROI on three KPIs: time-to-package (TTP), error/rework rate, and drop-off during data collection.

Implementation: The technical and organisational playbook

Execution ran on a four-layer architecture:

• Consent and identity: CDR-compliant consent flows with fine-grained scopes; customer MFA; clear revocation pathways.
• Data access: Secure APIs to data holders (banks) via the ADR partner; payload normalisation (accounts, transactions, payees) and enrichment (merchant categorisation, recurring income detection).
• Decisioning: Serviceability rules, living-expense classification, and anomaly flags. Early-stage AI assists were piloted for transaction labelling and exception triage, with human-in-the-loop review.
• Workflow and audit: Broker cockpit embedded in the CRM; immutable consent logs; automated audit trails for compliance.

Change management was non-negotiable: brokers were trained to “request consent, not documents,” with scripts and artefacts to explain the consumer benefit. A two-week A/B pilot ran across select broker pods to compare legacy document workflows with CDR-led onboarding.

Vendor risk controls included penetration testing, data minimisation by default, and data retention policies aligned to specific loan outcomes. The firm avoided data hoarding; they fetched only what they needed for each product scenario.

Results: What moved the needle (with numbers)

Across a 90-day pilot and subsequent rollout, the brokerage reported measurable uplifts on core KPIs:

• Time-to-package: Reduced from 2–3 days of document chasing to 30–60 minutes to assemble a credit-ready pack (median), due to immediate access to verified transactions and income signals.
• Rework: Data-entry errors and missing-statement callbacks fell by an estimated 55–65%, driven by structured data and automated categorisation.
• Customer drop-off: Abandonment during data collection improved by 8–12 percentage points with simplified consent flows and mobile-first UX.
• Broker capacity: Each broker handled approximately 15–20% more active files without additional support staff, by compressing low-value admin time.
• Compliance posture: Audit time for file reviews dropped materially because consent logs and data lineage were system-generated.

These results are directionally consistent with broader enterprise patterns observed in 2025 research on agentic AI and workflow redesign, which emphasise that impact accrues when new tech is embedded into end-to-end processes rather than layered on top as a point tool.

Lessons: What leaders should take forward

• It’s a workflow product: The value sits in how consented data triggers tasks, rules, and analytics—not in the API call itself. Design the broker experience and customer journey first, then wire the tech.
• Start narrow, scale fast: Begin with income verification and expense classification—the highest-friction bottlenecks—then extend to comprehensive serviceability.
• Privacy is a feature: Make consent transparent and reversible. Customers reward clarity; brokers gain trust and a cleaner audit trail.
• Partner wisely: Use ADR platforms for secure connectivity and standards conformity; reserve your differentiation for decisioning logic, lender packaging, and UX.
• Measure relentlessly: Track TTP, drop-off, rework, broker capacity and conversion. Publish dashboards; pay-variable bonuses on operational outcomes to lock in behaviour change.

Market context and competitive dynamics

Australia’s early-adopter status stems from a developed legal regime and a vibrant fintech ecosystem. Cross-border initiatives such as the UK–Australia FinTech Bridge have reinforced alignment on standards and market access. Meanwhile, regional regulators (e.g., the Hong Kong Monetary Authority’s 2024 fintech roadmap) signal continued investment in interoperability and advanced rails like distributed ledger for specific use cases, pointing to a future where open finance expands beyond banking to energy, telecoms and pensions.

The practical takeaway for brokers and lenders: early adopters gain a speed and compliance dividend while laggards face higher acquisition costs and lower conversion as consumer expectations normalise around instant, consented data sharing. AI is the accelerant—award-winning Australian tools like Fortiro show that verification and fraud countermeasures can be layered in without killing the customer experience.

Future outlook: From open banking to open finance

The Open Finance horizon will extend access to a wider set of financial and non-bank data, multiplying use cases: dynamic affordability, portfolio-level risk early warnings, and pre-emptive refinancing offers. The 2024 global open banking review notes that first-wave markets often take longer to progress beyond open banking, but when they do, the gains compound as data sets converge. Expect competitive moats to form around three assets: proprietary decision models, superior consent UX, and trusted brands that make data sharing feel safe and valuable.

Roadmap for decision-makers

• Horizon 1 (0–6 months): Select an ADR partner; implement consent flows for income/expense; integrate with CRM; instrument KPIs; train brokers.
• Horizon 2 (6–12 months): Add AI-assisted categorisation and exception handling; automate lender package assembly; introduce pre-approval triage.
• Horizon 3 (12–24 months): Expand to open finance datasets as they become available; deploy portfolio analytics; personalise refinancing and cross-sell using consented triggers.

In a tightening margin environment, the winners won’t be the firms that talk about open banking—they’ll be the ones that rebuilt their operating rhythm around it.

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2025-10-24 05:25:52" ["slug"]=> string(104) "19103:open-banking-in-action-how-an-australian-brokerage-turned-consented-data-into-cycle-time-advantage" ["event"]=> object(stdClass)#9262 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "

• Yes

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Open banking is no longer a concept; it is an operating model shift changing how brokers originate and package credit. Australia’s early movers, backed by the Consumer Data Right (CDR) and a supportive regulatory setting, are converting consented data flows into speed, accuracy and trust. This case study unpacks the business decision, the technical build, and the commercial outcomes of an early adopter brokerage—then maps what it means for lenders, aggregators and fintechs. The punchline: the edge goes to firms that treat open banking as a workflow and analytics play, not a one-off API project.

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Bank of Queensland’s shrinking home-loan book is more than a single-institution story; it’s a barometer of how Australia’s mortgage market is being rewired by broker power, non-bank agility and higher-for-longer rates. With growth shifting to commercial and asset finance, the winners will be those that re-price risk, re-shape distribution and re-platform credit with AI. The strategic play now is less about chasing volume and more about optimising return-on-risk-weighted capital while de-frictioning origination. Here’s what executives should do in the next 12 months.

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Key implication: BOQ’s mortgage pullback is a rational response to a structurally tougher market, not an isolated misstep. Home-lending margins are compressed, acquisition costs remain elevated, and broker bargaining power is entrenched. The bank’s growth in commercial and asset finance points to where economic profit is migrating. Expect more lenders to pivot portfolios, digitise end-to-end credit, and partner with fintechs to extract unit-cost and risk advantages.

1) Industry structure: a Five Forces reality check

Australia’s mortgage market is dominated by a broker-led distribution model in which intermediated share now accounts for the clear majority of new flow—industry reporting consistently cites a high broker market share, with well over two-thirds of new loans written via brokers. That dynamic has shifted bargaining power away from smaller and mid-tier banks. For a challenger like BOQ, matching the pricing and turnaround times of the majors while paying broker commissions tightens economics.

Threat of substitutes is also rising. Non-banks have been quick to court “mortgage prisoners”—creditworthy borrowers unable to refinance due to tighter serviceability buffers—offering flexible products and faster credit decisioning. Meanwhile, regulatory settings still require conservative serviceability (buffers introduced by APRA remain a brake on refinancing velocity), keeping churn lower and lifting the cost of winning incremental share.

Add a higher-for-longer rate environment and intense price competition from majors defending scale, and the result is predictable: compressed net interest margins (NIM), rising acquisition costs, and tougher risk-adjusted returns on vanilla owner-occupier lending.

2) Portfolio economics: optimising RAROC, not just volume

The signal from BOQ is that the bank is leaning into commercial and asset finance where spreads, cross-sell potential and fee income can lift return on risk-weighted assets. This is classic RAROC optimisation: rebalance towards segments where pricing power, collateral characteristics and utilisation rates better compensate for capital and credit risk. In mortgages, the market has rewarded growth, but the current cycle rewards discipline—curating the book for margin resilience and capital efficiency.

As BOQ’s chair Patrick Allaway has acknowledged in recent commentary, parts of the home-lending portfolio were “not sustainable” amid competition, with a renewed focus on improving returns. Read that as a direction of travel for peers: tighten front-book pricing discipline, accelerate repricing on the back book where appropriate, and prioritise retention of high-quality borrowers over expensive new-to-bank acquisition.

3) Fintech and AI as the cost-of-compete threshold

Technology is now the gating factor for mortgage economics. Australia remains an attractive fintech market—Treasury’s UK–Australia FinTech Bridge highlights “supportive regulatory settings and high rate of FinTech adoption” making it an “attractive market” for innovation. The practical upside for banks is clear: automation can compress time-to-yes, reduce fraud and income verification costs, and lower rework rates through better document intelligence.

Signals of maturity are visible. In 2024, Fortiro received the FinTech Award for Best Use of AI in FinTech, underscoring the readiness of AI for document fraud detection and verification in lending flows. Technically, this blends OCR and computer vision with NLP to parse payslips, tax returns and bank statements; anomaly detection to flag tampering; and decisioning APIs to feed straight-through credit outcomes. When combined with Consumer Data Right-enabled bank-statement feeds, lenders can move from static document checks to dynamic, consented data—lifting accuracy and reducing turnaround times.

Internationally and locally, leading fintech playbooks show AI/ML can lower origination costs, boost conversion and expand fairness by assessing thin-file borrowers more effectively. The strategic edge for banks is not merely adopting tools but industrialising them: embedding model monitoring, explainability and bias controls to meet model-risk governance while driving scale benefits.

4) Competitive playbook for lenders: build, buy, partner

To compete in a broker-heavy, price-competitive market, lenders should adopt a three-lane strategy:

• Build: Modernise the credit stack—API-first origination, decision engines decoupled from core, and data pipelines using event-driven architectures. Set a 90-day target to reduce manual touchpoints per file by 30–40% through document AI and income verification automation.
• Buy: Acquire proven capabilities where speed matters (fraud detection, digital IDV, bank-statement analytics), integrating with broker CRMs and lender portals to compress application-to-settlement SLAs.
• Partner: Co-create with fintechs to stand up specialist propositions (self-employed, near-prime, green home upgrades) that price risk dynamically. Partnerships allow rapid product testing without the burden of full-stack build.

Channel strategy is equally critical. With brokers controlling demand, lenders must offer reliable SLAs, transparent credit policy and consistent pricing. Investing in broker-lender connectivity (pre-assessment tools, digital variations, status tracking) reduces abandoned applications and increases broker advocacy—vital in a market where recommendation drives origination.

5) Implementation reality: constraints, compliance, culture

Two pitfalls derail many programmes. First, data readiness: legacy cores can’t support real-time decisioning without a proper data layer. Implement a feature store for credit models, unify identity and income data, and establish golden sources to reduce reconciliation costs. Second, model risk: AI inside credit decisions demands rigorous governance—challenger models, drift detection, and human-in-the-loop controls for edge cases.

Compliance remains non-negotiable. APRA’s expectations on credit risk management, explainability of models and robust stress testing should be baked into delivery squads from day one. And talent is a choke point; initiatives like Australia’s National Innovation Visa aim to attract specialised AI and fintech skills—use them. Build blended teams (credit, data science, risk, legal) with product managers accountable for measurable cycle-time and loss-rate outcomes.

6) Outlook: what to watch over the next 12–24 months

Three scenarios frame the path ahead:

• Margin stalemate: Majors defend share, broker volumes stay elevated, and NIMs remain tight. Expect continued portfolio rotation into commercial and asset finance, selective mortgage growth in niches, and aggressive retention plays.
• Policy pivot: Any change to serviceability buffers or a softening rate path could unlock refinancing and stimulate competition. Lenders with fastest approval cycles and strongest broker connectivity will capture disproportionate flow.
• Tech-led separation: Banks that industrialise AI in origination and verification carve out 150–250 bps lower cost-to-acquire and meaningfully better time-to-yes. The rest fight on price alone—an unwinnable game for sub-scale players.

Non-banks will continue to target underserved segments, but funding-cost volatility is a structural headwind. Banks with stable deposits and modernised credit stacks can outlast the discount cycle and re-price risk on their terms.

The bottom line: BOQ’s retrenchment in home lending is a rational capital allocation decision in a market where distribution power and technology maturity dictate economics. For executives across the sector, the mandate is clear—rebalance for RAROC, digitise the credit spine, and partner where you can’t build fast enough. In this market, speed-to-right-decision beats speed-to-volume every time.

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2025-10-23 02:12:48" ["slug"]=> string(93) "19059:boqs-mortgage-squeeze-is-a-market-signal-where-banks-will-win-next-as-competition-bites" ["event"]=> object(stdClass)#9273 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "

• Yes

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Bank of Queensland’s shrinking home-loan book is more than a single-institution story; it’s a barometer of how Australia’s mortgage market is being rewired by broker power, non-bank agility and higher-for-longer rates. With growth shifting to commercial and asset finance, the winners will be those that re-price risk, re-shape distribution and re-platform credit with AI. The strategic play now is less about chasing volume and more about optimising return-on-risk-weighted capital while de-frictioning origination. Here’s what executives should do in the next 12 months.

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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(109) "/borrow-money/banking/boqs-mortgage-squeeze-is-a-market-signal-where-banks-will-win-next-as-competition-bites" ["image"]=> string(113) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1761344054/pexels-pixabay-416056_pdedzg.jpg" ["image_alt"]=> string(91) "BOQ’s mortgage squeeze is a market signal: where banks will win next as competition bites" } [5]=> object(stdClass)#8686 (57) { ["id"]=> int(19052) ["title"]=> string(72) "RBA’s next move: Why a November cut could reset corporate risk budgets" ["alias"]=> string(68) "rbas-next-move-why-a-november-cut-could-reset-corporate-risk-budgets" ["introtext"]=> string(471) "

Australia’s unemployment rate has risen to a four‑year high, sharpening the case for another Reserve Bank easing as growth moderates. With GDP expanding 0.6% in the June quarter and 1.8% year on year, the economy looks soft enough to justify a further trim without reigniting inflation. For boards and CFOs, the bigger story is the playbook this unlocks: recalibrated WACC, revived capex, and a tactical window for refinancing and M&A.

" ["fulltext"]=> string(8512) "

Forget the headline debate about whether the Reserve Bank cuts in November; the more material implication is that the easing cycle is not finished. A labour market that’s loosening at a measured pace and quarterly GDP growth of 0.6% in June (1.8% year on year, ABS) signal an economy cooling but not cracking. That combination puts optionality back on the table for business: lower funding costs, scope to re‑start shelved projects, and a stronger case for productivity investments that were marginal at higher rates.

What the data is really saying

Australia’s unemployment rate has climbed to its highest level since late 2021, consistent with the Reserve Bank’s earlier guidance that the market would “continue to ease this year, but to remain somewhat tight over much of the forecast period” (Statement on Monetary Policy, August 2024). In February 2025, the Bank reiterated that “the unemployment rate will increase a little further” before stabilising. Meanwhile, national accounts show growth that is positive but subdued: GDP rose 0.6% in the June quarter 2025 and 1.8% over the year.

Policy context matters. The federal Budget 2025–26 noted that the Board reduced the cash rate in February, with real wages returning to growth. A fresh labour market softening, coupled with still‑modest output growth, supports the case that an additional cut remains plausible in November. State Street has flagged that timing as a live possibility; markets are effectively weighing a growth insurance cut against the risk of easing too early.

Transmission mechanics: Why a 25 bp cut is not trivial in Australia

Australia’s monetary transmission is unusually sensitive to the mortgage and SME channel given the prevalence of variable and short‑fixed loans. A 25 basis point reduction delivers rapid cash‑flow relief to households and small businesses, with flow‑through to discretionary spending and working capital. For corporates, even a modest cut trims weighted average cost of capital (WACC), nudging hurdle rates lower and bringing borderline projects into scope.

Financially, the knock‑ons cluster in three places: debt service coverage ratios (easier covenants), valuation multiples (especially for duration‑sensitive equities like REITs and infrastructure), and credit spreads (scope for primary issuance at tighter coupons). The RBA’s gradualism means the tailwind is incremental, but sequential quarter‑on‑quarter easing compounds into meaningful budget flexibility.

Winners, laggards and the currency lever

Sectorally, think barbell. On one end: consumer discretionary, homebuilders and housing‑adjacent suppliers, and listed property. Their earnings maps are tightly coupled to funding costs and household cash flow. On the other: exporters and globally priced commodities, which benefit if a cut nudges the Australian dollar lower at the margin. A softer AUD tends to improve revenue translation for miners, agricultural producers and software exporters while pressuring import‑reliant retailers’ margins.

Capital‑hungry technology and healthcare platforms also stand to gain: lower discount rates lift long‑duration cash flow valuations and reopen the equity issuance window for growth capex. Australia’s AI innovation gap—identified in 2025 ecosystem analysis as a shortfall in commercialisation relative to adoption—could narrow if cheaper capital coincides with clearer governance. The public sector has laid groundwork: the Australian Government’s 2024 AI policy for responsible use and the ATO’s governance approach to general‑purpose AI signal institutional comfort with scaled deployment. Cheaper money plus regulatory clarity is a potent recipe for productivity investment.

Boardroom playbook: Cash, capex and M&A under an easing bias

Translate the macro into a control‑room plan using a simple three‑lens framework—Balance Sheet, P&L, Strategy:

• Balance Sheet: Pull forward refinancing to pre‑emptively lock lower coupons; extend duration selectively while the curve is supportive. Tighten interest rate risk policies—hedge bands can be widened to capture downside rate optionality without over‑hedging.
• P&L: Re‑set hurdle rates and revisit deferred projects in logistics automation, AI‑enabled service operations and energy efficiency. Re‑model sensitivity at 25–50 bp lower WACC; many projects move from marginal to viable.
• Strategy: Scan for tuck‑in acquisitions where earnings accretion improves under lower funding costs. An easing bias historically correlates with a pickup in domestic M&A volumes as bid‑ask spreads narrow.

Capital markets positioning for institutional investors points the same way: add duration in high‑quality bonds as policy risk skews to easing; maintain exposure to investment‑grade credit where spreads can compress; tilt equities towards quality growth and interest‑sensitive cyclicals. Gold’s resilience amid global rate‑cut narratives underscores ongoing hedging demand, but the local story is primarily about duration and credit.

Implementation reality: Don’t over‑rotate

The RBA’s messaging emphasises gradualism. A single cut doesn’t guarantee a rapid cycle, and the Bank has been explicit that the labour market stabilises as growth picks up. That cautions against over‑using balance sheets or assuming a swift return to ultra‑low rates. Practical constraints also remain: wage dynamics are turning positive in real terms, and input costs for tradables remain sensitive to currency moves.

Execution checklist for CFOs and treasurers:

• Refinance ladder: Prioritise maturities inside 24 months; negotiate covenants reflecting improved coverage under lower rates.
• Hedge discipline: Blend pay‑fixed swaps with optionality to benefit from further easing; avoid binary positioning.
• Supplier terms: Use cheaper working capital to secure early‑pay discounts; lock in FX where a softer AUD could bite.
• Workforce planning: Use the softer labour market to rebalance critical skills without aggressive wage escalation; retain investment in training to capture productivity gains.

Productivity investments: The AI and automation window

Australia’s opportunity is to convert easing into productivity, not just consumption. Government progress on AI governance (2024 policy for responsible use, ATO frameworks for general‑purpose AI) lowers adoption risk. Yet research highlights a persistent commercialisation gap. Businesses can arbitrage that gap by prioritising AI deployments with near‑term ROI—claims automation, demand forecasting, and fraud detection—where benefits are measurable within 12–18 months.

Pair funding tailwinds with disciplined stage‑gates: pilot with clear KPIs, ring‑fence data governance, and align with cyber risk appetites. In sectors like energy, case studies from wind‑farm acceptance show that stakeholder engagement is a gating factor for project success; apply the same logic to AI roll‑outs with employees and customers to accelerate adoption and avoid backlash.

Scenarios: Base case and risk case for the next 12 months

Base case: One additional cut within the next meeting or two, followed by a pause to assess inflation and employment dynamics. This is consistent with RBA guidance that the market eases then stabilises as GDP growth firms. Growth remains modest (around the recent 0.6% quarterly pace), unemployment edges higher before plateauing, and the AUD stays range‑bound to slightly softer.

Risk case: A sharper slowdown in labour demand or global shocks could warrant more than one additional cut; conversely, if services inflation proves sticky, the Bank could delay easing into early 2026. Either path argues for agility: flexible hedging, scenario‑based capex approvals, and M&A optionality rather than fully committed deal pipelines.

The signal beneath the noise is clear. The rate debate is less about calling the month and more about seizing the window it creates. In a cautious but easing environment, disciplined operators will refinance early, invest in productivity, and use selective M&A to compound advantages—while keeping dry powder in case the cycle surprises.

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2025-10-22 02:09:52" ["slug"]=> string(74) "19052:rbas-next-move-why-a-november-cut-could-reset-corporate-risk-budgets" ["event"]=> object(stdClass)#9284 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "

• Yes

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Australia’s unemployment rate has risen to a four‑year high, sharpening the case for another Reserve Bank easing as growth moderates. With GDP expanding 0.6% in the June quarter and 1.8% year on year, the economy looks soft enough to justify a further trim without reigniting inflation. For boards and CFOs, the bigger story is the playbook this unlocks: recalibrated WACC, revived capex, and a tactical window for refinancing and M&A.

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string(0) "" } [4]=> object(stdClass)#9311 (33) { ["id"]=> int(4) ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> int(2351) ["ordering"]=> int(1) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8874 (3) { ["data":protected]=> object(stdClass)#8872 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8873 (3) { ["data":protected]=> object(stdClass)#8901 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" 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"Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#9319 (33) { ["id"]=> int(2) ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> int(2351) ["ordering"]=> int(5) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8913 (3) { ["data":protected]=> object(stdClass)#8918 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8915 (3) { 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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(90) "/borrow-money/banking/rbas-next-move-why-a-november-cut-could-reset-corporate-risk-budgets" ["image"]=> string(118) "https://res.cloudinary.com/momentum-media-group-pty-ltd/image/upload/v1761156543/pexels-kindelmedia-7054801_a1vlfa.jpg" ["image_alt"]=> string(72) "RBA’s next move: Why a November cut could reset corporate risk budgets" } }