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.
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.
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Thanks David, and thanks iTWire for continuing to cover this.
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