CEO of newly approved bank aims at big four
Robert Bell, CEO of Australia’s newest bank, 86 400, is not interested in creating a “small, niche bank” but wants to create a competitor to the big four.
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.
Challenger banks hit back at ‘delusional’ claim from fintech investors
A bold rejection of the business model of emerging digital-only banks was made by seasoned fintech investor Rajeev Gupta, partner at Alium Capital.
ATM use falling, electronic banking, spending rising
ATMs were once the peak of banking technology, but now, they could be going the way of the dodo and the dinosaur.
Inside the war on the big four banks
Neobank start-ups will refrain from tearing each other down to train their guns on the juicy target of the big four banks.
Open banking opens the way for neobanks
With the new open banking policy set to take effect July 1, neobanks could soon become the more popular choice for Aussies over the big four.
A look at emerging trend of Neobanks in Australia
A Neobank is a completely digital bank that is created to work on digital and mobile platforms. Neobanks in Australia include Xinja, Archa, 86 400 & Up.
Is 2019 still the year of the neobank?
For all the activity going on in the market, there’s still no fully independent neobank offering banking services to the public.
