Banking

Jan
16

Xinja Bank launches Australia’s best savings account from the nation’s new neobank

Xinja Bank, Australia’s independent and 100% digital neobank, today launched Australia’s best savings account, paying 2.25% interest, the highest ongoing rate on offer with no strings attached.

By Australian FinTech | Banking . FinTech
DETAIL
Jan
16

The RBA’s daring crypto experiment

The RBA has revealed that it has simulated a crypto experiment using central bank-backed digital tokens in the wholesale payments system.

By Reposted by Australian FinTech | Banking . Currency . FinTech . Payments
DETAIL
Jan
15

Novatti secures $18m investment in preparation for digital banking service

Fintech company Novatti Group has secured further cornerstone investors committing $18m in preparation for the launch of their digital banking service.

By Reposted by Australian FinTech | Banking . FinTech . Investing . Payments
DETAIL
Jan
14

Australian smartbank 86 400 announces Energy Switch service

Australian smartbank 86 400 has today announced Energy Switch, a free service enabling Australian households to get a better deal on their electricity bill

By Australian FinTech | Banking . FinTech
DETAIL
Jan
12

Open banking and rise of fintechs to disrupt big banks’ ‘rivers of gold’

Soon, applying for a mortgage could involve little more than giving your name, email and property address, and your consent to “share” your banking data.

By Reposted by Australian FinTech | Banking . FinTech
DETAIL
Jan
12

Former CTO and Co-Founder of the UK’s first digital bank joins Queensland’s DayTek Capital

Paul Hanks, the former Chief Technology Officer and Co-Founder of the UK’s Atom Bank, has joined DayTek Capital as a Technology Advisor.

By Reposted by Australian FinTech | Banking . FinTech
DETAIL
Dec
19

The New Criterion: ironing out the blight of money laundering

Two of Australia’s biggest banks – Westpac and the Commonwealth Bank – are not alone when it comes to breaching anti money laundering rules.

By Reposted by Australian FinTech | Banking . FinTech
DETAIL
Dec
17

What will success look like for the neoboanks?

New banks receiving a green light in 2019 by the prudential regulator APRA saw a number of neobanks make a splash on the local market.

By Reposted by Australian FinTech | Banking . FinTech
DETAIL