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
Two commentators have shared why the inclusion of alternatives in a diversified portfolio shouldn’t be a simple switch with a traditional asset and will depend heavily on clients’ objectives.
Morgans chief executive, John Clifford, has announced he will step down from the wealth management group after eight years leading the business.
Funds under administration on the BT Panorama platform have passed $120 billion in the last six months as it progresses its migration of Asgard into the platform.
Private markets may be the hot topic of the day but two financial advisers have shared the red flags to consider and why advisers shouldn’t be tempted to invest solely in the pursuit of higher returns.
