Neobank 86 400 closes Series A capital raise taking total equity capital to $90m
Australia’s first smartbank, 86 400, has closed its Series A capital raise. $34m of new equity was raised in March, bringing its total capital to $90m.
Australian neobanks face a sterner challenger than their UK equivalents did
Australian neobanks such as 86 400, Up and Volt, are trying to make dents in an extremely consolidated banking market dominated by the four major incumbents.
The “social-distancing-friendly” home loan
The home loan process at neobank 86 400 was crafted to be a “social-distancing-friendly solution” to brokers during this unprecedented time.
Open Banking on target for July 2020 launch
Keeping the open banking timeline has been welcomed by the financial industry and Split Payments CEO Kristofer Rogers said there was no reason for delay.
Lending platform CEO: Banks must partner with new technologies to avoid delays in SME funds
Lend.com.au warns that banks must partner with new technologies like fast, AI-powered lending platforms to deliver the new Government-backed loans to SMEs.
Webinar: Get ready for Open Banking – insights, innovation & compliance
Join Frollo CEO, Gareth Gumbley, and CIO, Tony Thrassis, on their webinar as they share their insights on Open Banking in Australia.
Regional Australia Bank achieves open banking accreditation
Regional Australia Bank is the first Accredited Data Recipient of Australia’s CDR, as open banking trials continue to progress towards the July launch.
Banks should partner with fintechs on SME loans: Lumi
Unsecured lender Lumi is calling on government and the banking community to partner with fintechs on SME loans.
