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23 January 2019 • By Eliot Hastie • 1 min read

Volt Bank: APRA grants neobank full ADI licence

Volt Bank has been granted an unrestricted ADI licence by APRA after previously being granted the first-ever restricted ADI licence. Volt Bank has ...

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PwC finds major holes in bank transformation strategies 

Around 75 per cent of financial services CEOs have serious concerns about shortages of digital skills in an industry experiencing seismic levels of ...

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Xinja launches second equity campaign

Neobank Xinja has launched its second equity crowdfunding campaign after being granted a restricted banking licence twelve months ago.  Xinja was ...

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Ignore neobank hype says mutual bank

An alternative to the big banks already exists and it isn’t in neobanks according to the chief executive of a mutual bank. Heritage Bank chief ...

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IRESS tipped to win 80% of wealth management market

Morningstar has high hopes for listed technology provider IRESS and anticipates the group’s wealth management software business to increase its market ...

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HUB24 hits $10bn FUA milestone 

The investment and superannuation platform has reached a new funds under administration milestone of over $10 billion at 31 December 2018

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Millions looking to leave major banks

New research has found that over two million Australians are currently seeking new banking providers, with many currently customers at one of the big ...

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Volt Bank goes live in record time

Neobank Volt has gone live in record time, with Temenos digital banking platform in its bid to acquire a full ADI licence.  Volt Bank has gone live ...

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APRA grants neobank restricted ADI licence

APRA has announced that a second neobank has been granted a restricted ADI licence under the authorities new framework.   The Australian Prudential ...

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Wealth scandals open door for new entrants 

A global data provider believes neobanks and robo-advisers stand a good chance of gaining traction in an industry where incumbents are plagued with ...

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