Banks risk loss of US$3 billion in payments revenue to digital payments growth, non-bank competitors
Australian banks are at risk of losing US$3 billion in payments revenue by 2025 due to the growth of digital payments and competition from non-banks.
Big four bank customers flock to Xinja, deposits exceed $100m
More than half of Xinja’s deposits have come from Australia’s big four banks, a very strong signal that consumers are keen to embrace digital banking.
Australian FinTech company profile #72 – Insured by Us
Insured by Us is an API-driven insurance platform for startups, medium and enterprise.
No ‘passive’ stakes for CBA in new fintech push
CBA hopes to get the edge on rivals by launching 25 new fintech businesses over the next five years via the bank’s new fully-owned fintech entity named X15.
Global robo-advice industry to be worth US$1.4t
The global robo-advice industry is expected to be worth US$1.4 trillion (AU$ 2.04 trillion) this year, according to research from UK company LearnBonds.
Neobank offers multiple accounts for savers
Neobank 86 400 has launched three new savings accounts, each earning a maximum interest rate of 2.25% for balances up to a combined $300,000.
Is Google trying to kill Bitcoin?
Google, the internet search giant that owns YouTube and the Android mobile operating system, has a fraught relationship with bitcoin and crypto.
Payments emerge as growth area in fintech
The fintech sector now comprises a critical mass of start-ups across many different sectors within financial services.
