Banks outsource loan assessments to China

Via Herald Sun comes post-Hayne Royal Commission banking:

Home loan applications with the big banks are being assessed offshore in countries including India and China without customers’ knowledge, startling new findings have revealed.

An investigation by News Corp Australia can reveal three of the nation’s big four banks — ANZ, National Australia Bank and Westpac — all use offshore third parties to help with the processing of mortgage applications.

There are 355 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.