The title of Australia’s newest bank has changed hands once again, with neobank 86 400 receiving its ADI licence from APRA today. 86 400 is the third fintech upstart to earn itself an unrestricted banking licence this year, after Volt Bank collected its banking licence in January, followed by Judo
Unifii’s Digital Experience Platform has been selected by SME challenger bank Judo Bank to enable face-to-face relationship banking that it says will shake up Australia’s banking status quo. The Unifii platform, delivered “as-a-service”, allows Judo Bank to replace multiple technology stacks with a single, APRA-approved cloud platform, the company said.
Judo Capital is now Judo Bank, after it was today awarded its full banking licence from APRA. The banking watchdog said it has granted Judo Bank a licence to operate as an authorised deposit-taking institution (ADI) without restrictions under the Banking Act 1959. Sign up for Which-50’s Irregular Insights newsletter