While major banks face plenty of challenges, do these neobank start-ups really stand a chance against the might of the big four?
For Van Le, Co-founder of Neobank Xinja, the key to being a successful entrepreneur is to have a purpose bigger than yourself.
Australians haven’t fully embraced digital-only banks, but open banking could change that: Forrester
Across APAC consumers increasingly prefer digital channels for financial services, helping digital-only banks overcome incumbents’ traditional trust.
Neo or not, all banks rely on debt: Why fintech Douugh wants to disrupt the system, not just challenge it
Douugh is largely focused on exporting its technology, and going public could give it the cash injection it needs to grow as fast as possible.
Xinja Bank, an independent Australian neobank built from the ground up for mobile, has appointed John Pountain Chief Technology Officer.
iSignthis now boasts a market cap of over $1 billion and is looking like a real neobank challenger to the CBA and the other Big Four banks.
Australia’s new breed of digital banks are introducing artificial intelligence to stop the inertia that costs consumers millions of dollars annually.