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New digital banks 86 400 and Xinja are the first to launch app-based retail accounts
Neobank Xinja has been granted a full banking license by Australian Prudential Regulation Authority (APRA), and will launch transaction accounts as the battle to carve out a digital slice of the $13 billion banking system’s revenue stream heats up. APRA has now granted four authorised deposit-taking institution (ADI) licences to challenger banks, having recently approved… Read more »
