New digital bank Alex secures banking licence
Australia’s newest digital bank, Alex, has been granted a restricted banking licence from the Australian Prudential Regulation Authority (APRA).
86 400 accelerates broker network with new PLAN Australia partnership
Australia’s first smartbank, 86 400, is today announcing its partnership with one of Australia’s largest mortgage aggregators, PLAN Australia.
Open Banking is picking up steam with Up launching as Frollo’s seventh Data Holder
Frollo has announced they’ve made neobank Up available on their Open Banking platform as the seventh Data Holder in Australia.
Because of poor banking, 80% will switch to fintech
The poor experience with services prevalent in traditional banks would motivate eight out of 10 of their customers to switch to alternatives like fintechs.
Volt enters strategic alliance with AFG and extends Series E to $85m
Australia’s first neobank Volt has announced a landmark strategic alliance and a $15 million investment from Australian Finance Group Ltd (AFG).
Smartbank 86 400 debuts direct-to-consumer digital home loan channel
Australians can now apply for an 86 400 digital home loan – complete with competitive rates, no paperwork and fast turnaround times.
Global fintech Railsbank partners with neobank Volt to launch in Australia
Railsbank, a leading global embedded finance platform, has launched in Australia via a partnership with the country’s first neobank Volt.
