neobank

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

Neobank Volt has begun onboarding the first customers on its waitlist, 11 months after receiving its licence to operate as a bank.  Now in beta, the challenger bank is offering 2.15 per cent interest on savings accounts, with a wider public launch planned for 2020.  Listen: Our open banking webinar

The scheduled launch of Australia’s open banking regime is just two months away, however new research shows three-quarters of Australians haven’t heard of the incoming data portability scheme and half are concerned about the security of their data. Open Banking is a government and regulator-led scheme which mandates banks share

Australia’s growing cohort of neobanks still face a persistent challenge around awareness and trust, despite millions of consumers being unhappy with major financial institutions, according to new research from Nielsen. But Nielsen’s data, based survey of consumers over the last three financial years, suggests one in two consumers are open

Depending on what type of bank a consumer uses – major, regional, mutual or neobank – they have varying levels of trust according to a new report from Deloitte.  The report, Open Banking: Switch or Stick? Insights into customer switching behaviour and trust shows the differences in trust between major

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Challenger bank 86 400 has launched its first home loan product, nine weeks since the public launch of the new bank.  The neobank, which initially launched with savings and transactions products, has today launched a digital home loan offering through brokers.  Sign up for Which-50’s Irregular Insights newsletter The new

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,

Digital-only banks operating in the UK are growing quickly but still struggle to show profitability, according to new research from Accenture. Based on current growth rates, digital-only banks could amass a total of 35 million customers globally within the next 12 months — up from 13 million today —  according

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

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Neobank Xijna has secured its full banking licence and is rolling out transaction accounts to its early customers. The Australian Prudential Regulation Authority (APRA) said today it has granted Xinja its licence to operate as an authorised deposit-taking institution (ADI), officially joining the ranks of Australia’s new banks. Webinar: Can