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The neobank is preparing to accelerate its banking-as-a-service offering to businesses following a new partnership with embedded finance platform Railsbank.

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The digital property settlement service provider has teamed up with an organisation that tackles homelessness in Australia.

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The neobank has partnered with affiliate marketing firm Rakuten, indicating it will start looking to advertise through influencers and publishers.

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Nearly half of all global banks want to become digital ecosystems in the wake of open banking, with incumbent banks set to benefit the most from the regime, according to a report.

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The SME lender continued to recover from its COVID trough, but loan originations in the first half of the 2021 financial year were still down 41.1 per cent.

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