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.
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.
Yes, it's an admission that they failed but not a full solution. More pressure will be required.
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