Digital bank 86 400 reveals details of its transaction and savings account
New digital smart bank 86 400, which hopes to be a real competitor to Australia’s Big Four, has revealed the details of its first banking products.
New retail bank 86 400 rattles tin for fresh equity
Investment bank Morgan Stanley has kicked off a $100 million-plus private funding round for the country’s newest bank 86 400.
86 400 granted full banking licence
86 400 is officially Australia’s newest bank, having been granted a full Authorised Deposit-taking Institution (ADI) licence by APRA.
86 400 appoints Morgan Stanley for external capital raising
86 400 has announced it will undertake a capital raising process to support the next phase of its growth beyond launch, appointing Morgan Stanley to assist.
86 400 secures national distribution with Vow Financial, readies home loan offering
Interview: Anthony Thomson, 86 400 – roaming numerals
In an exclusive interview, Anthony Thomson, chairman of Australian challenger bank 86 400, tells FinTech Futures about what makes it different from its rivals, and why the big four Down Under got what they deserved. Most people don’t want to be the same as others and strive to be different and stand out. For challenger bank 86 400 (pronounced eighty-six, four-hundred), up against plenty of other Australian rivals such as Xinja and Volt, Thomson wants to make it known about its distinctive qualities. “Unlike others, we made the decision to apply directly for a full banking licence, rather than piggyback off another licence, or via the restricted licence route.” The […]
Data Action to underpin Australian banking disruptor 86 400
Data Action (DA), a leading Australian provider of Digital and Core Banking solutions, is pleased to announce that it has partnered with banking disruptor and neobank 86 400, to deliver its Core Banking platform. The cloud-based platform has been operational for several months with all payment rails (including real-time payments) established and money already flowing through the banking system. “Having 86 400’s Core Banking platform live and functional is hugely important for them as they move closer to a full-scale launch,” Data Action’s Chief Technology Officer, Brett Miller said. “We’ve witnessed several recent examples of costly and destructive Core Banking implementation failures across the banking industry, so we know how […]
