Australian neobanks face a sterner challenger than their UK equivalents did
Australian neobanks such as 86 400, Up and Volt, are trying to make dents in an extremely consolidated banking market dominated by the four major incumbents.
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.
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.
Commonwealth Bank focused on innovating amid pressure from fintechs
Commonwealth Bank CEO Matt Comyn has said his bank is committed to spending big every year on technology to deliver the best banking experience.
