A new report from Pegasystems suggests Open Banking in particular could be a breakout moment for Australia’s growing cohort of neobanks and fintechs.
Xinja Bank was today granted a full banking licence, and opened bank accounts to early customers: the first transaction accounts from a 100% Aussie neobank
New digital smart bank 86 400, which hopes to be a real competitor to Australia’s Big Four, has revealed the details of its first banking products.
Look Who’s Charging is integrated with a number of Australian banks, with their data available to millions of Australians directly within existing digital banking applications.
While major banks face plenty of challenges, do these neobank start-ups really stand a chance against the might of the big four?