Bankwest, Lendi integrate assessment tools
Bankwest and Lendi have announced the integration of their loan assessment tools, designed to simplify the mortgage application process.
Neobank Volt closes $70m oversubscribed Series C, hits $100m total funding and sets sights on IPO
Australia’s first neobank Volt Bank, closed a $70m Series C equity funding round, which was oversubscribed by $10m beyond the original target of $60m.
Jack Dorsey’s Square says Aussie banks were anti-competitive
Jack Dorsey’s US payments giant Square has accused Australia’s major banks of engaging in anti-competitive conduct when it entered the local market.
Xinja Bank launches Australia’s best savings account from the nation’s new neobank
Xinja Bank, Australia’s independent and 100% digital neobank, today launched Australia’s best savings account, paying 2.25% interest, the highest ongoing rate on offer with no strings attached.
The RBA’s daring crypto experiment
The RBA has revealed that it has simulated a crypto experiment using central bank-backed digital tokens in the wholesale payments system.
Novatti secures $18m investment in preparation for digital banking service
Fintech company Novatti Group has secured further cornerstone investors committing $18m in preparation for the launch of their digital banking service.
Australian smartbank 86 400 announces Energy Switch service
Australian smartbank 86 400 has today announced Energy Switch, a free service enabling Australian households to get a better deal on their electricity bill
Open banking and rise of fintechs to disrupt big banks’ ‘rivers of gold’
Soon, applying for a mortgage could involve little more than giving your name, email and property address, and your consent to “share” your banking data.
