Neobank pioneer Brett King joins Xinja

Xinja, which is building a 100% independent digital bank, or ‘neobank’ for mobile, is adding significant global expertise to its organisation with the announcement that Brett King will act as a permanent advisor to the Board, and help guide Xinja’s strategic direction.

Brett King founded neobank Moven in 2011, which launched the world’s first mobile, downloadable bank account. He is widely considered the most influential expert on retail banking innovation globally. Mr King was an advisor to the Obama White House, the US Federal Reserve and the Office of the Comptroller of the Currency on the future of banking in the United States.

Mr King said: “I have been working with neobanks around the world for many years, and as an Australian, I’m delighted to finally see this movement reaching home.  Xinja shares my view that it is essential we don’t just add some new tech to a business model that is 700-years old, but that it is built from the ground up for the digital world.”

Mr King is also a renowned futurist and respected international speaker. His book Augmented was referenced by China’s President Xi Jinping as a seminal text on artificial intelligence. He is on the boards of several companies, including Moven, CFSi, which is the largest non-profit focused on financial inclusion in the US.

“Brett will be a fantastic adviser providing guidance on innovation to re-imagine retail banking for our customers,” said Xinja CEO Eric Wilson. “It’s time Australians had access to the kind of technology already available in other markets.”