BankWest in debtor finance deal with Allianz
BankWest has entered in to a strategic referral relationship with Allianz Finance to provide debtor finance to the bank’s customers nationally.
Under the new agreement, BankWest will refer all new debtor finance customers to Allianz Finance while existing debtor finance clients will be transitioned to Allianz over the next two months.
Allianz will be offering these BankWest clients debtor finance under the same or similar pricing structure without the ‘red tape’ typically associated with many types of loan facilities, according to Allianz Finance chief executive Brad Bartlem.
As an “added benefit”, he said these clients might “also be eligible for ‘bad debt’ insurance, which helps protect business owners in the event customers cannot pay their bills”.
Recommended for you
Bravura chief executive Andrew Russell has announced he will be stepping down from the company, just under two years after his appointment.
Financial advice businesses with a younger, wealthier client base are enjoying higher valuations and increased attention from potential buyers than those with older clients.
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
With the federal election just days away, how have adviser numbers changed over the last three years of the Labor government?
