News

What is a neobank – and what are they offering in Australia?

Neobanks, or digital banks, became a possibility in Australia in 2018 after a change in legislation opened the floodgates. Since late 2019, a wave of digital banks have arrived in Australia, seeing competition in banking heat up for the first time in decades. But what is a neobank, how do […]
What is a neobank – and what are they offering in Australia?
Markets

Neobanks are about to explode onto the Australian market

The number of neobanks in Australia is about to increase. APRA is expected to issue a number of restricted banking licences in the next few months. The first restricted licence went to Volt in May this year. A number of restricted banking licences are expected to be issued to aspiring […]
Neobanks are about to explode onto the Australian market