Banks and other businesses regulated by the Australian Prudential Regulation Authority will have to abide by a new set of rules governing information security, including cyber crime, from 1 July.
Digital banking firm Volt Bank has been granted an Authorised Deposit-Taking Institution licence by the Australia Prudential Regulation Authority, becoming the first retail challenger bank to obtain this licence.
Fledgling Australian digital bank Xinja says a capital raise, which has opened early to existing investors, customers and people who had registered interest, has passed the minimum of $500,000 in less than nine hours.
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