Aspiring Australian mobile digital bank Xinja aims to raise at least A$500,000 via a crowdfunding push through the Equitise platform. Funds raised this way go directly into the neobank's current $10 million to $15 million funding round. Unlike incumbent banks, Xinja doesn't have branches or expensive legacy systems which the banking hopeful says means lower costs and competitive rates for customers. The ACCC is proposing to extend its approval for banks and ATM deployers to provide fee free ATM services in very remote Indigenous communities for ten years. Under the current arrangement, fee-free ATM withdrawals and balance enquiries will be available at up to 85 selected ATMs for customers of those banks. The ACCC previously authorised the arrangement in 2012 for five years, which expires in December. People living in very remote Indigenous communities can often pay high levels of total ATM fees, due to frequent ATM usage and a lack of access to alternatives. High ATM usage and fees intensifies the financial and social disadvantage. The concept of insurtech - using technology to make insurance more manageable - is starting to enjoy rapid growth in Australia. With that in mind, Insurtech Australia has emerged as a new industry association "dedicated to the advancement of insurance innovation and insurtech startups". Insurtech Australia is a standalone division of Fintech Australia, the association for Australian fintech startups. As a national, not-for-profit organisation, it will focus on representing insurtech startups, insurers, reinsurers and brokers and other insurance related disciplines, such as health, wellbeing, data and analytics, machine learning, IoT and telematics. In New Zealand, new Prime Minister Jacinda Ardern was sworn in yesterday and told reporters that work had already begun on how to ban non-resident foreign buyers from purchasing existing homes. Ardern also said there may be a "mini-Budget" incorporating the new Labour-led coalition government's plans for its first 100 days. A priority for the new government is working on its negotiating positions regarding the TPP - as well as other free trade agreements which may stand in the way of its promises to ban foreign buyers.