Banking

Apr
27

Banks ‘too slow’ bridging the finance gap

The big banks were on the defensive on Friday due to federal government criticism over their handling of a COVID-19 business loan scheme.

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Apr
24

Awareness growing for neobanks

Consumer awareness of neobanks in Australia is growing with a number of these challenger banks leading in terms of brand recognition.

By Reposted by Australian FinTech | Banking . FinTech
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Apr
24

Neobank 86 400 warns RBA scheme driving big four’s cheap fixed rates

Major banks have led a sharp drop in fixed rates, which mortgage brokers last week said had contributed to the big four gaining market share.

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending
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Apr
23

TransferWise for Banks integrates with Mambu cloud banking platform

TransferWise, the global financial technology company, has today announced a partnership with cloud banking platform Mambu.

By Australian FinTech | Banking . FinTech
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Apr
20

Banks are winning the digital war but for how long

Research from the RFi Group Global Digital Banking Report reveals that consumer trust in digital-only banks is only slightly lower than traditional banks.

By Reposted by Australian FinTech | Banking . FinTech
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Apr
20

APRA closes the door on new banks

The Australian Prudential Regulation Authority (APRA) has suspended the issuance of any new banking licences for “at least six months”.

By Reposted by Australian FinTech | Banking . FinTech
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Apr
17

Timing couldn’t be better for Open Banking

The impact of Open Banking, and the wider Consumer Data Right has the potential to be one of the most significant reforms in recent history.

By Reposted by Australian FinTech | Banking . FinTech
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Apr
17

Big Four banks under pressure to drop digital debit fees

Australia’s Big Four banks may have paused payment terminal rental fees for businesses shuttered by COVID-19, but a fresh battle has broken out.

By Reposted by Australian FinTech | Banking . FinTech
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