Displaying items by tag: Anthony Thomson

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.

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.