Banks will need to change the way they assess risk: Volt CEO
Volt’s CEO noted that major banks make decisions that are “data-based” and that mainstream lenders will need to learn new skills in order to assess risk.
New payments platform turns up heat on credit cards
The New Payments Platform will reduce demand for credit cards that many customers link up to apps such as Uber or Netflix to make automated payments.
Neobank delays loan rollout due to COVID-19
Due to the COVID-19 pandemic, Volt Bank is delaying the launch of its loan products to ensure its foray into lending is done “in a very prudent way”.
Australian FinTech company profile #87 – Finspo
Finspo helps average Australians save thousands on their banking.
Report: 63% of APAC customers willing to switch to neobanks
The era of digital banking is well underway in the APAC region and is set to accelerate in the next five years with 63% of customers willing to switch.
ING welcomes digital signatures
ING has announced that digital signatures acquired through legitimate e-signature platforms will now be accepted on all home loan applications.
Non-bank lender issues $1.25bn RMBS
Non-bank lender La Trobe Financial has “effectively reopened” Australian debt capital markets with a $1.25bn RMBS raising.
Revolut finally secures Aussie licence
An ASIC spokesman confirmed that Revolut had been granted a licence to market non-cash payment products to retail and wholesale clients.
