australia neobank

Mar

Will Australia’s neobanks endure?

Australia’s digital banking honeymoon is winding down. With Xinja and 86 400 both out of the picture – albeit in very different ways – the Australian Prudential Regulatory Authority (APRA) is moving to raise the sector’s barrier to entry. It will become harder to get a banking license. Under the…

Feb

Asia Banking Research

Why did NAB buy out 86 400?

Barely a month after Xinja’s abrupt demise, another Australian neobank is exiting the market. This time though, the said bank is being bought out, not folding like an accordion. It would seem that National Australia Bank (NAB) made 86 400 an offer the neobank could not refuse to the tune…

Jan

Asia Banking Research

Not all Aussie neobanks are birds of a feather

December was an eventful month for Australia’s neobanks. Xinja’s demise made waves, showing that it does not pay to keep building atop a flimsy foundation. Castles in the air must come down. And yet, some Aussie neobanks are thriving. Shortly after Xinja said it would turn in its banking license,…

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