Neobank offers multiple accounts for savers
Neobank 86 400 has launched three new savings accounts, each earning a maximum interest rate of 2.25% for balances up to a combined $300,000.
CBA launches app for faster lending decisions
CBA has launched BizExpress, a business lending app which provides small businesses a faster lending decision and faster funding for loans up to $1m.
Open banking and neobanks to continue their slow burn in 2020
According to RFi research there is minimal consumer awareness of open banking and neobanks in Australia
Crowdfunding platforms probably won’t replace investment banks, but they will shake things up a bit
Last year, Australia’s crowdfunding platforms raised 116% more cash than the year before. The $31.2m total easily surpassed 2018’s total of $14.4m.
Raiz wants ePayments Code overhauled to level financial services playing field
Raiz Invest is urging an overhaul of the ePayments Code as one critical measure to increasing competition and level the playing field.
Consumer Data Right legislation subject of new review
Just weeks after pushing back the launch of open banking the government has announced a new inquiry into the Consumer Data Right it legislated for last year
Xinja Bank quick off the mark: inflows exceed $30 million in first week
Xinja Bank, Australia’s newest 100% digital neobank, has attracted more than $30 million, within days of launching its Stash savings account to Australians.
Central banks band together to consider issuing their own digital currencies
Central banks around the world are collaborating on a study of digital currencies and their potential uses, the Bank of England said in a Tuesday statement.
