australia neobanks

Sep

Revolut eyes Australia banking license

Never short of ambition, Revolut is aiming for an Australia banking license roughly a year after formally launching its app Down Under. The UK neobank unicorn is in discussions with the Australia Prudential Regulation Authority (APRA) as it seeks approval to take customer deposits and provide lending services.

Jul

Asia Banking Research

How are Australia’s big four banks responding to digital challengers?

If you can’t beat ‘em, join ‘em. That seems to be true in just about every market that has introduced digital banks, and it is a two-way street. Hype about the challengers unseating incumbents tends to give way to a more nuanced reality in which there is some room for…

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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