Lodex FinSights

50/30/20 Budgeting Rule Explained

Posted by Lodex on 15 Jan 19

So you have calculated your income and expenses, and everything seems to be very well organised. But, have you accounted for those unexpected spends that surprise us sometimes?

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Topics: Life Hacks

Is Banking Size a Liability in the Blockchain Era?

Posted by Lodex on 10 Jan 19

Size gives some Banks great power today and size looks like an obvious asset on a balance sheet. However, in the network and tech age, can their size actually be a liability? 

Below are some insights into the threats that can disrupt banking as we know. Read on to find out more.

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Topics: Industry News - Finance

Term Deposits - Understanding the Basics

Posted by Lodex on 8 Jan 19

Terms deposits are a common type of interest paying investment. They work in a similar way of a savings accounts held with an Authorised Deposit-taking Institution (ADI) which can be a bank, building society or credit union. When you put your money into a term deposit, your savings are locked for a fixed period (term) and you get a fixed interest rate over that term.

Want to know more? Read on to find out benefits, downsides and what to do when your term deposit is maturing.

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Topics: Term Deposits

10 Technology and Finance Trends - 2019 and Beyond

Posted by Lodex on 4 Jan 19

Technology is changing the face of many industries and services - including finance. Over the last few years, IoT and new technologies combined with customer needs, have opened up space for disruption. We believe there is still a lot more to happen as fintechs emerge and AI and blockchain gain adoption.

So we wanted to share with you 10 tech and finance trends that can change the way we do finance in the near future. Happy reading!

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Topics: Industry News - Finance, Industry News - Tech

The Difference Between Secured and Unsecured Loans

Posted by Lodex on 3 Jan 19

Depending on the type or size of loan you are looking for, you might find options that outline secured or unsecured loans. But what does that mean? 

Below we delve into the basics and some examples. Read on to find out more.

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Topics: Personal Loans

Disrupting Traditional Models

Posted by Lodex on 29 Dec 18

We love tech and its potential to improve and advance the way we live and work. Below is a piece Blockchain Australia published on how Lodex and BLOCKLOAN are reshaping the traditional credit model. Read on to find out more!

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Topics: Industry News - Finance, Lodex News and Tools

2018 Wrap Up - Our Top 7 Stories This Year

Posted by Lodex on 27 Dec 18

The past year has been amazing and 2019 promises to be even more exciting! We look forward to sharing more news, tips and products with you in 2019.

In the meantime, we thought we would share our most popular stories for the year. Read on to discover our top 7 most read articles for 2018

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Topics: Lodex News and Tools

10 Most Popular Search Queries on Finance and Money 2018

Posted by Lodex on 20 Dec 18

Search engines are our go-to when looking for information or "how-to" do just about anything.

We don't just search for recipes and movies, finance and money are also popular topics. So, what do you think were the 10 most popular search queries for finance in 2018?

Have you searched for any of these terms? 😄

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APRA Removes Interest-Only Benchmark Cap

Posted by Lodex on 19 Dec 18

The Australian Prudential Regulation Authority (APRA) has recently announced that from 1 January 2019 it will abolish the 30% cap introduced to ADIs (Deposit Taking Institutions) for interest-only lending. 

The 30% limit was temporarily introduced in 2017 with the aim to re-enforce responsible lending practices and to protect consumers. 

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Topics: Industry News - Finance

Fewer Aussies Visiting Bank Branches - Roy Morgan

Posted by Lodex on 14 Dec 18

A new research from Roy Morgan found out that the number of Aussies using the services offered in banks' branches has been decreasing over the years. Read on to find out more.

  • Average number of Australians using bank branches has dropped by 27.2 per cent over the past four years.
  • Internet banking remains the most popular banking channel with 47.1 per cent of consumers using the service
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Topics: Industry News - Finance

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