digital banking

Mar
21

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 […]

By Reposted by Australian FinTech | Banking . FinTech
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Mar
15

UBank launches world’s first consumer Green Term Deposit certified by the Climate Bonds Initiative

UBank is now offering Australians with a sustainable way to invest with today’s launch of the world’s first Green Term Deposit in the customer space certified by the Climate Bonds Initiative (CBI). UBank’s Green Term Deposit is matched to a portfolio of renewable energy projects such as wind and solar power, and low carbon transport […]

By Australian FinTech | Banking . FinTech . Investing
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Mar
12

Digital bank Volt eyes business customers as fintechs chase data

Neobank Volt has small business in its sights as it develops data-driven products, acknowledging that startup founders are the most likely to take up digital banking options first. The startup, which secured a fully fledged banking licence in January and is preparing to launch a consumer offer in coming months, joins other financial technology firms […]

By Reposted by Australian FinTech | Banking . FinTech
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Feb
05

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 […]

By Australian FinTech | Banking . FinTech
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Jan
31

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 […]

By Australian FinTech | Banking . FinTech
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Jan
23

Collection House acquires $8.5m stake in Volt Bank

A pathway set up by regulators to incentivise new entrants in the banking sector is starting to gather momentum, with Volt Bank receiving an $8.5 million investment from listed company Collection House (ASX: CLH). The Australian Prudential Regulation Authority (APRA) yesterday granted Volt a licence to operate as an authorised deposit-taking institution (ADI) without restrictions, […]

By Reposted by Australian FinTech | Banking . FinTech . Investing
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Jan
23

Big four banks consider creating their own digital brands

Each of the big four banks have considered launching new digital bank brands to attract new, young, digital-savvy customers. Apart from National Australia Bank’s UBank, the plans have been non-starters, getting lost among layers of bureaucracy, management changes and restrictions on new investment. But the pending launch of Volt Bank, which on Tuesday received an […]

By Reposted by Australian FinTech | Banking . FinTech
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Jan
23

“High fives” as Volt gets full licence

“Tears and high fives” swept the office at one of Australia’s biggest challenger banks yesterday, as it was granted its full banking licence (22 January). Volt Bank was the first digital bank to be given a restricted authorised deposit-taking institution (ADI) licence in May last year from the Australian Prudential Regulation Authority (APRA). Since that […]

By Reposted by Australian FinTech | Banking . FinTech
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