One of Europe’s longest established FX firms has gone live with iSignthis’ ISXPay and Paydentity
iSignthis Ltd (ASX: ISX | FRA: TA8) announces that Windsor Brokers Ltd, one of the most established Forex Brokers in Europe operating for more than 30 years, has now gone live on the ISXPay® unified platform, comprising Paydentity™ identity verification, card processing and acquiring, to Visa, Mastercard and JCB. The Company’s wholly owned European neobank […]
Neobank partners with wealth platform
Volt Bank has formed a technology alliance with wealth management platform Spitfire to set a new standard for banking and wealth management integration. Under the new alliance Spitfire will manage the neobank Volt’s soon to be launched deposit products in an effort to cement its position as a ‘one stop shop’ for investors. Customers of the […]
AI and next gen Neo banks
Andy Taylor is an Aussie FinTech pioneer. He is one of the original founders of Society One, bringing peer to peer lending to the Australian market. Andy’s latest venture, Douugh is his most ambitious project yet, a next gen Neo Bank with an AI first approach. Set to launch in the US through a partnership […]
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 […]
Neobank Douugh wants to take HENRYs from the big four after Regional Australia Bank deal
Douugh, an Australian fintech start-up run by SocietyOne co-founder Andy Taylor, has secured the last piece of the puzzle it needed to join the race to knock off the big four banks as one of an emerging group of neobanks. The company, which has developed a so-called “smart” bank account, with an artificial intelligence-based personal […]
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, […]
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 […]
“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 […]
