Xinja Bank CTO says tech, data and ethics can deliver better banking for consumers
Xinja Bank, an independent Australian neobank built from the ground up for mobile, has appointed John Pountain Chief Technology Officer.
Australian FinTech company profile #44 – Split Payments
Split Payments is the worlds first open banking payments platform, delivering Consent Management, Real-Time Direct Debit and Intelligent Clearance solutions.
Australians need banking, not banks
Banking in today’s hyper-connected world requires a customer-centric approach. Consumers want to be able to bank where they want, when they want and how they want.
Facebook just the start of tech contest for banks
Australia’s fintech minister Jane Hume believes it is inevitable that more global tech giants will follow Facebook’s lead in targeting financial services.
What’s holding Blockchain back?
As blockchain evolves and moves closer to the mainstream in the enterprise technology stack, the obstacles to that development are increasingly clear.
Bank sector transformation will come with open banking, competition: Xinja
Australian neobank Xinja said transformation of the financial services sector, described by Royal Commissioner Kenneth Hayne as often driven by greed, will only happen when consumers have clear choice, and can move easily and quickly between banks and other providers within the banking sector. The final report from the financial services Royal Commission paints a damning picture of the culture that drives Australia’s banks, with Commissioner Hayne imploring those who run Australia’s biggest and most profitable financial institutions to ‘obey the law’, ‘act fairly’ and offer services that are ‘fit for purpose’. “The reality is, the reason we’ve reached this low is that the sector has been controlled by a […]
Revolut partners with ClauseMatch prior to the expansion in Australia, Singapore and Japan
Revolut, a digital-only bank and UK’s fastest growing FinTech, announced today that it has signed an agreement with ClauseMatch. Following a successful trial period, Revolut is adopting the innovative regulatory technology from a London-based RegTech to streamline management of internal policies, controls and regulatory compliance. Revolut has experienced significant growth since it was founded three years ago, developing within an extremely regulated environment. Europe’s fastest-growing FinTech player has over 3.7 million users across 28 markets in Europe, and is preparing to launch in the US, Canada, Australia, New Zealand, Singapore and Japan in the coming months. Revolut is currently working in multiple jurisdictions with different rules applied to financial services […]
‘We’re tech companies’: The neobanks’ advantage
A big advantage that “neobanks” have over the big four is that they are nimble and highly scalable technology companies focused on customer experience, according to the co-founder of Up. After hearing Stephen King from the Productivity Commission (PC) claim that challenger lenders do not have a realistic chance at competing with the major banks and will ultimately be “gobbled up” by them, Dominic Pym said the advantage that challengers such as his company Up, along with the likes of Volt and Xinja, have is that they are technology companies with a focus on improving customer experience and the ability to move and adapt fast. Speaking on a panel at […]
