Young savers flock to new wave of neobanks
Young savers are clambering aboard a new wave of Australian digital banks such as Up, Volt, Xinja and 86 400 in recent times.
What happens to my neobank account if I lose my phone?
Since your neobank account is only accessible through an app, what happens to your funds if you lose or misplace your phone?
Aussie fintech investment reaches $3 billion after 250% growth… but don’t celebrate just yet
Fintech investment in Australia is bucking the international trend. On a global scale, fintech investment actually dropped slightly.
This Brit wants to move Down Under — so he’s building a bank
Will Banks wanted to move his family to Australia but it’s not easy to crack the Aussie visa system, so he’s going to launch a new Brisbane-based bank.
Australians trust Cashwerkz with $1.1 billion currently waiting to mature
Cashwerkz has reached $1.1 billion in active funds (waiting to mature) in January 2020, with the total number of investments placed increasing 107%.
Neobanks cast spotlight on big banks’ dubious practices
Australian neobanks have seen more than half a billion dollars in household deposits flow into their accounts since their launch.
Open banking and neobanks to continue their slow burn in 2020
According to RFi research there is minimal consumer awareness of open banking and neobanks in Australia
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.
