Neobanks stories
Ripple is set to acquire stablecoin payment platform Rail for USD $200M, boosting its digital asset network and simplifying cross-border payments for firms.
Backbase forecasts a USD $1 trillion transformation in banking by 2025, urging traditional banks to innovate or face a 30% market share loss to digital rivals.
vcita is a software platform for small business management that has a strong value proposition around helping micropreneurs to get paid for their services.
A new report by IDC and Backbase reveals that 63% of APAC customers are poised to switch to neobanks by 2025, challenging traditional banks.
Australian legacy firms in banking, insurance and accounting are turning vast data troves into a new competitive edge through modern digital systems.
In 2026, traditional banks will face fierce competition from neobanks, rising fraud risks, and new ISO 20022 rules, forcing urgent modernisation or loss of customers.
Australian banks must embrace AI, cloud tech and resilience-first strategies to cut costs and boost agility in a competitive, evolving market by 2026.
Digimune and ViaCarte partner to launch Identicate, a cyber protection platform offering Australian banks real-time identity theft alerts and financial fraud cover.
Customer experience drives sustainable financial growth, risking AUD $87 billion if ignored. Digital banks leverage automation for seamless service.
New Zealand's reopened borders are drawing in foreign fintech and banking tech groups, intensifying pressure on local firms to innovate.
Tonik, the Philippines' first neobank, has selected Noname Security to enhance cybersecurity measures for its digital platform.
According to Tonik founder and CEO Greg Krasnov, the company needed to drive its value proposition not just through cost, but also consumer trust.
Neobanks are catering to customers who are tired of the big banks and those who seek alternatives, says financial advisory firm Mozo.
