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
Read MoreAustralian credit consumers appear to be returning to financial normality based on fintech company Wisr (ASX: WZR) confirming their loan and repayment figures have returned to pre-coronavirus levels, and are rising rapidly. The Company has reported 48% growth in their loan originations for the month of May, as Australians seek more competitive interest rates and
Read MoreThe Australian banking industry is rapidly changing and 2020 is shaping up as a big year for digital banks and Neobanks which will provide Australians with an alternative option for their banking services to the Big Four – NAB, Commonwealth Bank, ANZ and Westpac. With the terms ‘Digital Bank’ and ‘Neobank’ becoming increasingly popular, below
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