Neobank growth in Aus ‘a little terrifying’
By Loren Webb · 11 February 2020 · News
By Loren Webb · 11 February 2020 · News
Australians are flocking to digital banks at an unprecedented rate, leaving top execs stunned. But what's behind this sudden surge - and what does it mean for the future of banking?
The top execs of Neobanks are shocked at the huge demand they are receiving from potential customers. To put the demand into perspective, one Neobank – Xinja – has amassed an impressive $100 million in deposits in a time frame of just 19 days. The challenger banks, which are 100% digital, are collectively signing hundreds of […]