Virgin Money Australia will join up with Deloitte Digital and Swiss global banking software firm Temenos to set up a new digital bank before the year ends.
Branchless digital bank Volt Bank says it has started “onboarding” a selection of early-adopter customers from its 40,000 waitlist, while announcing a ‘no catches’ ongoing base interest rate of 2.15 per cent on savings, ahead of a public launch planned for early 2020.
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.
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