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Apr
24
Awareness growing for neobanks
Consumer awareness of neobanks in Australia is growing with a number of these challenger banks leading in terms of brand recognition.
Apr
24
Neobank 86 400 warns RBA scheme driving big four’s cheap fixed rates
Major banks have led a sharp drop in fixed rates, which mortgage brokers last week said had contributed to the big four gaining market share.
Apr
20
Banks are winning the digital war but for how long
Research from the RFi Group Global Digital Banking Report reveals that consumer trust in digital-only banks is only slightly lower than traditional banks.
Apr
20
APRA closes the door on new banks
The Australian Prudential Regulation Authority (APRA) has suspended the issuance of any new banking licences for “at least six months”.
Apr
08
Neobank joins Buyers Choice lender panel
Australian neobank 86 400 has signed an agreement with brokerage and sub-aggregator Buyers Choice to join its lender panel.
Apr
07
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.
Mar
23
ZipTel (ASX:ZIP) to acquire 100pc of Douugh
ZipTel has entered a binding, conditional agreement to acquire 100 per cent of the issued capital of Douugh Limited.
Mar
18
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.