While major banks face plenty of challenges, do these neobank start-ups really stand a chance against the might of the big four?
For Van Le, Co-founder of Neobank Xinja, the key to being a successful entrepreneur is to have a purpose bigger than yourself.
As Buy Now Pay Later becomes more popular, young Aussies are bidding farewell to credit cards and some of the big financial players are taking notice.
Data Action has announced that it has signed a major strategic partnership with one of the largest mutual banks in the country, Greater Bank.
Australians haven’t fully embraced digital-only banks, but open banking could change that: Forrester
Across APAC consumers increasingly prefer digital channels for financial services, helping digital-only banks overcome incumbents’ traditional trust.
Neo or not, all banks rely on debt: Why fintech Douugh wants to disrupt the system, not just challenge it
Douugh is largely focused on exporting its technology, and going public could give it the cash injection it needs to grow as fast as possible.
Afterpay CEO Anthony Eisen has hit back at CBA’s entry into the buy now pay later sector, declaring Swedish rival Klarna was more like a traditional lender.
The cumbersome CDR legislation that will prevent Australia entering the trillion-dollar data economy
The Federal Government recently passed the Open Banking sections of the CDR legislation, providing Australians with more control over their financial data.