Industry

APRA has formally authorised neobank Xinja to become a deposit-taking institution on a restricted licence.

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AI neobank Douugh has opened up to investors and started its wholesale raise on crowdfunding platform Equitise, with an aim to raise $5 million for its US launch.

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Australian neobanks and robo-advisers are waiting in the wings as banking scandals cause loss of reputation for many of the country’s financial institutions.

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Fintech firm Moneysoft has launched a new website to showcase its growing range of services to large organisations.

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The United Nations non-profit organisation UNICEF has announced its investment in six blockchain projects to harness the technology to be beneficial to emerging markets.

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