Nonbanks poised to poach banks’ prime customers
The speed at which nonbanks operate is a key selling point, especially as compared to the “almost dysfunctional” speed to market capability of banks.
Salesforce makes an open banking move
Salesforce is seeking to exploit Australia’s “consumer data right”, investing alongside Westpac and NAB in open banking platform Basiq.
The ‘neo-banks’ that Australians are rushing to join
Two new neo-banks promising to shake up the way we manage our finances have burst into Australia’s otherwise stagnant banking market.
CUA partners with Sandstone Technology to transform home lending
Australia’s largest credit union, CUA, will partner with Sandstone Technology to deliver a complete end-to-end mortgage processing solution.
Australia report shows how banks gouge, and Fintechs may provide a better service, when it comes to International Money Transfers
The Australian Competition & Consumer Commission (ACCC) has published an interesting report on international money transfers.
ANZ prototypes 21 new apps in three-day open banking sprint
ANZ Banking Group has ramped up its open banking preparations by running a three-day innovation challenge that generated 21 new apps ideas.
Smartbank 86 400 launches in Australia
Australians are waking up to a smarter way to bank as smartbank 86 400 becomes available nationwide, built so customers can bank directly from their phones.
Xinja Bank receives full banking licence from APRA
Xinja Bank was today granted a full banking licence, and opened bank accounts to early customers: the first transaction accounts from a 100% Aussie neobank
