Australians will soon have more options for their banking services with the Australian Prudential Review Authority issuing the first new banking licence since 2019 before the regulator hiatus through the pandemic. The newest license, granted to Alex Bank last week, signals a win for Australians who had tired of the Big Four’s power on the
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Transferring money between friends and splitting bills in social situations is set to become easier than ever with the Lifepay app set to launch having been incubated by fintech company Novatti Group (ASX: NOV) whose project has now drawn international attention in the form of new investors. Established in 2020 as collaboration between major shareholders
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Amid the collapse of neobank Xinja, fintech and digital payments company Novatti Group (ASX: NOV) still has its sights on the launch of their own having quietly set their foundations with revenue-generating products while awaiting a banking license. Originally submitting their banking licence application to the Australian Prudential Regulation Authority (APRA) in November 2019, Novatti
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Just two months since listing on the ASX, Douugh (ASX: DOU) has drawn the ire of market regulators for information leaks to media outlets in breach of stringent listing rules. The leaks relate to the fintech company’s recently announced partnership with Humm Group (ASX: HUM) which included a $12 million capital raise as part of
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Thriving in a world where cash is becoming less relevant by the day, Australian fintech company Novatti Group (ASX: NOV) has continued leveraging their digital payment capabilities to report their highest ever quarterly revenue with further international expansion firmly in their sights. With an increase in digital payments being made around the world, Novatti has
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Following months of lockdowns which have limited spending opportunities, Australians have used the time to get on top of their finances with neolender Wisr (ASX: WZR) reporting record quarterly revenues, loan originations and customer profiles. This time at home for many has led to Wisr reporting a 37% increase in operating revenue for the quarter
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