86 400

86 400 today announced what it says is the first consumer facing feature to use open banking data in Australia. The neobank’s new savings account comparison tool pulls the saving interest rates of competitors into a “real time” comparison graph by using the product data some banks are now mandated

Home loan management service uno today announced neobank 86 400 has joined its panel of lenders, allowing the parties to offerer a simpler loan application process with minimal paperwork. Both uno and 86 400 are challengers in the digital mortgage space; using digital tools and infrastructure to minimise costs and

Many Australian banks miss the mark when it comes to money management, alerts, and self-service features on their mobile apps, and the absence of these services hurts the customer experience. That’s a key finding in a new report from Forrester Research into Australian mobile banking apps called Mobile Banking Apps

Much of the focus of the July 1 open banking kick-off was on the big four banks, however, some of the new types of financial services we expect open banking to deliver were already beginning to emerge. Innovation is coming from beyond the incumbents,  from the emerging set of neo

neobak 86 400

Australian digital-only bank 86 400 today announced $34 million of new equity, closing a Series A capital raise and bringing the total amount of capital it has raised to $90 million. The funds will go to new product and feature development and support mortgage book growth. The latest round of

Open Banking is scheduled to begin in July but its benefits won’t be felt by most consumers for at least two more years, according to Robert Bell, CEO of 86 400, a neobank involved in the current testing phase. Bell told Which-50 that 86 400, which already uses customers’ external

Open banking may be delayed, but one of Australia’s new banks is keen to show Australians what their data can do for them.  Neobank 86 400, which launched in September after securing its banking licence earlier in 2019, has unveiled a comparison tool called Energy Switch, which the bank says

On Wednesday last week, 10 financial services companies gathered in a room in Melbourne for a meeting with Australia’s big four banks. They, along with the national competition regulator, discussed how they could share customers’ financial data with each other to improve products and services, and stimulate competition and innovation

A neobank, budgeting tools and payment services are among the first 10 companies selected by the ACCC to trial data sharing as part as Australia’s incoming open banking regime. Open banking, based on the recently passed Consumer Data Right (CDR) legislation, is set to kick off formally in February 2020,

From today, Australians can move their money into savings and transaction accounts offered by neobank 86 400. The challenger bank’s public launch will also introduce users to new tools to help them manage upcoming bills and subscriptions, and provide an overall view of their finances across multiple banks. The launch