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Xinja is practically closed for a business less than a year into opening - from today the bank's high-yield savings accounts are a dormant product, a sharp twist to the capital raise the bank has in t.. read more

The burn rate at Xinja Bank is white hot, with the bank making plans to "limit deposits". read more

Throwing margin management out the window, large banks and others have said they will cut mortgage rates by 25 bps pronto. read more

APRA is dealing with around 40 approaches from fintechs for a banking authority, with 14 seriously "in the process". read more

The hypothesis that the Australian government and the Reserve Bank are on a mission to eliminate cash from the economy won support from a single Tasmanian senator in a report on the "cash ban" bill on.. read more

The bad debt line is among the fastest growing metrics at Zip Co, a buy now, pay later powerhouse consolidating its share of the domestic market. read more

Least cost routing remains uncommon in the Australian payments landscape and needs to encompass recurring payments, Eftpos believes. read more

The RBA has outlined the timetable for the payments system migration to ISO 20020, and set a completion date of November 2024. read more

Aspiring neobank Hay has been advised by APRA that the regulator is "minded to grant" it a restricted authorised deposit-taking institution licence. read more

Annual fintech funding fell 15 per cent to US$34.5 billion over the year to December 2019 across 1,913 deals, a study by CB Insights found. read more