Banking

Feb
04

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.

By Reposted by Australian FinTech | Banking . FinTech
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Jan
30

CBA launches app for faster lending decisions

CBA has launched BizExpress, a business lending app which provides small businesses a faster lending decision and faster funding for loans up to $1m.

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending
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Jan
30

Open banking and neobanks to continue their slow burn in 2020

According to RFi research there is minimal consumer awareness of open banking and neobanks in Australia

By Reposted by Australian FinTech | Banking . FinTech
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Jan
29

Crowdfunding platforms probably won’t replace investment banks, but they will shake things up a bit

Last year, Australia’s crowdfunding platforms raised 116% more cash than the year before. The $31.2m total easily surpassed 2018’s total of $14.4m.

By Reposted by Australian FinTech | Banking . FinTech . Investing
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Jan
29

Raiz wants ePayments Code overhauled to level financial services playing field

Raiz Invest is urging an overhaul of the ePayments Code as one critical measure to increasing competition and level the playing field.

By Australian FinTech | Banking . FinTech . Payments
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Jan
28

Consumer Data Right legislation subject of new review

Just weeks after pushing back the launch of open banking the government has announced a new inquiry into the Consumer Data Right it legislated for last year

By Reposted by Australian FinTech | Banking . FinTech
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Jan
23

Xinja Bank quick off the mark: inflows exceed $30 million in first week

Xinja Bank, Australia’s newest 100% digital neobank, has attracted more than $30 million, within days of launching its Stash savings account to Australians.

By Australian FinTech | Banking . FinTech
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Jan
22

Central banks band together to consider issuing their own digital currencies

Central banks around the world are collaborating on a study of digital currencies and their potential uses, the Bank of England said in a Tuesday statement.

By Reposted by Australian FinTech | Banking . Currency . FinTech
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