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”.
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.
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.
Cash, ATM and bank branch use dips as virus transforms how we pay
Even paying with a plastic debit or credit card can risk spreading the virus, if it involves using your finger to key in a PIN number.
