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.
The New Criterion: ironing out the blight of money laundering
Two of Australia’s biggest banks – Westpac and the Commonwealth Bank – are not alone when it comes to breaching anti money laundering rules.
What will success look like for the neoboanks?
New banks receiving a green light in 2019 by the prudential regulator APRA saw a number of neobanks make a splash on the local market.
