Financial Services Federation chairman and Instant Finance CEO says big banks' competing fiercely with help of 'mass of information'

Financial Services Federation chairman and Instant Finance CEO says big banks' competing fiercely with help of 'mass of information'

By Gareth Vaughan

The big four banks' use of big data is causing pain for their much smaller finance company competitors, says the chairman of the Financial Services Federation.

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1 Comments

haven't read the article - but we are a finance coy and our lending levels are up YOY. whats more we are seeing shite loads of bank defaults. so not sure where this article is going... apart from that banks have increased risk appetite. we are also seeing a lot of kiwis coming back from Oz with terrible credit scores ie so things haven't worked out as well as expected!