Displaying items by tag: 86 400

Digital bank 86 400 has unvelied what it claims is the first consumer-facing feature developed using Open Banking product data, a real-time comparison graph of savings interest rates.

Australian digital bank 86 400 has struck up a partnership with Australian Finance Group that ensures one in three brokers can access the bank's digital mortgage offering.

Digital bank 86 400 says it has entered its next phase of growth a year after being granted a banking licence and will try to devise new ways for customers to profit from their money.

Five months after it obtained a deposit-taking licence from the regulator APRA, the Australian digital bank 86 400 has started offering home loans with next to no paperwork, speeding up the time it takes from application to approval.

Listed fintech company Identitii has announced it has been selected by the Australian Competition and Consumer Commission (ACCC) as one of just 10 companies to test the Consumer Data Right (CDR) ecosystem, which will enable Australia’s incoming open banking regime scheduled to go live from February 2020.

Australian digital bank 86 400 has opened for business with consumers able to bank from their smartphones and offering a choice of two accounts – Pay and Save.

Australian digital bank, 86 400, has received an authorised deposit-taking institution licence from the Australian Prudential Regulation Authority, becoming the second such bank to obtain permission to accept deposits.

A new digital bank with the name 86 400 is being set up in Australia and it is pitched by its founders as a potential “genuine alternative” to the big four banks.