Neobank enhances mortgage offering
Australia’s first ‘smartbank’ 86 400 has announced a range of enhances to its digital mortgage products distributed exclusively through brokers.
COVID-19 pushes Westpac to jump on Apple Pay
Westpac customers finally have access to Apple Pay, with the bank making it available for customers who have an eligible Mastercard, eftpos or Handycard.
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.
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.
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.
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.
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.
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”.
