it could also be related to the fact that ANZ results points to...

it could also be related to the fact that ANZ results points to a uptick in people in arrears on their loans albeit off a low base and historically not high by any means

perhaps there is uncertainty that new players like MoneyMe have not gone through a tough cycle and their systems are untested, but given we have had rising interest rates for the last 18 mths and they have not pointed to a change in the losses (just margins being impacted and note this is also a function of them targeting secured loans which will have a lower risk profile and you assume a lower interest margin), so perhaps there is some degree that they are managing that side of the business okay