Xinja wins regulatory upgrade: Full licence for upstart ‘neobank’
Xinja Bank has been granted a full banking licence, the Australian Prudential Regulation Authority (APRA) announced today.
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How 86 400 built a cloud-native bank
For many Australian financial institutions, their core banking system is, as the name implies, central to their operations. For ‘neobank’ 86 400, however, it’s “just a ledger,” according to CEO Robert Bell. “It's not where the smarts happen.”
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‘Neobank’ 86 400 receives full banking licence
Mobile-first ‘neobank’ 86 400 expects to have its iOS and Android apps available within a matter of weeks, after the Australian Prudential Regulation Authority (APRA) granted it a full banking licence.
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Australian ‘neobank’ Xinja clears regulatory hurdle
The Australian Prudential Regulation Authority (APRA) has issued a restricted banking licence to Xinja — a digital-only bank with a focus on mobile.