Australians more reliant on bank apps than the UK
We’re checking our bank apps nearly 10 times per week. According to a new State of Mobile 2019 report from App Annie, an app analytics and app market data platform, Australians check their bank apps nearly 10 times per week while those in the UK managed just over seven times each week. The findings reveal […]
The 5 trends shaping global payments in 2019
The financial landscape in Australia changed significantly in 2018. Last year, the government announced the first stage of open banking would be implemented in July 2019. Also announced last year by the Australian Prudential Regulatory Authority (APRA) was a change that opened Australia’s shores to a new generation of banks – neobanks – to compete […]
Xinja launches second equity crowdfunding campaign on Equitise platform
Pioneer Australian neobank Xinja today gives everyday Australians another chance to join the digital banking revolution by purchasing shares through leading equity crowdfunding platform Equitise. The raise – opened early to existing investors, customers and people who had registered interest – has passed the minimum of $500,000 in less than 9 hours. Xinja, a digital […]
Millions looking to leave major banks
New research has found that over two million Australians are currently seeking new banking providers, with many currently customers at one of the big four. The research produced by Nielsen found that 2.1 million Australians are seeking new providers and 67 per cent of them are currently customers at one of the big four. The […]
Wealth scandals open door for new entrants
A global data provider believes neobanks and robo-advisers stand a good chance of gaining traction in an industry where incumbents are plagued with scandals. Following the news that troubled wealth giant IOOF could face several class action lawsuits, GlobalData believes the damage to public trust in the financial services industry will have significant long-term implications […]
Up launches conversational payments
Up, the digital banking platform that went live in October 2018, has today launched conversational payments in app for customers. An Australia first, the experience will bring functionality on par with the United States, Europe and China, where Venmo, SquareCash and WeChat Pay have significantly altered and improved customers’ payment experience. Up’s Chief Imaginer, Anson […]
ASX-listed fintech iSignthis’ first EU merchant live on unified neobanking & payments platform
iSignthis Ltd subsidiary, iSignthis eMoney Ltd, trading as ISXPay® announced its first merchant has gone live on its own integrated and unified neobanking platform comprising principal acquiring platform for Visa, Mastercard and JCB, with fund settlements being deposited to ISXPay issued ISEMCY22 International Bank Account Numbers (IBANs). John Karantzis, CEO of iSignthis Ltd, said “We […]
Data Action to underpin Australian banking disruptor 86 400
Data Action (DA), a leading Australian provider of Digital and Core Banking solutions, is pleased to announce that it has partnered with banking disruptor and neobank 86 400, to deliver its Core Banking platform. The cloud-based platform has been operational for several months with all payment rails (including real-time payments) established and money already flowing […]
