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Showing 71 - 80 of 97 results for "NEO"

First neobank granted full banking licence

OSKAH DUNNIN  |  WEDNESDAY, 23 JAN 2019
Volt Bank has become the first neobank to obtain a full banking licence from APRA. Treasurer Josh Frydenberg applauded the news and said it promotes industry competition and company innovation. Likewise, Volt Bank's success shows promise for neobanks ...

Xinja funds platform for growth

OSKAH DUNNIN  |  WEDNESDAY, 16 JAN 2019
Neobank Xinja has successfully funded its second campaign on the Equitise crowdfunding platform, raising more than $500,000 in nine hours. Equitise co-founder Jonny Wilkinson believes the neobank market is set to disrupt the established banking industry ...

OneVue offloads trustee business

KARREN VERGARA  |  THURSDAY, 20 DEC 2018
OneVue Holdings is selling its trustee services business to Sargon Capital for $45 million. The trustee services business comprises Diversa subsidiaries Diversa Trustees and CCSL. OneVue acquired the entire Diversa business in 2016 for $49.8 million ...

Centrepoint pulls out of NEOS Life

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
Centrepoint Alliance will no longer back life insurance startup NEOS Life, requesting its investment be repaid in full sooner than originally agreed to. In line with its recent strategy refresh, a review of Centrepoint's assets and interests determined ...

NEOS continues growth trajectory

KARREN VERGARA  |  TUESDAY, 27 NOV 2018
Since launching in mid-2018, life insurance start-up NEOS Life is making strides with the launch of a new product and expedited its underwriting decision times. NEOS managing director Brett Yardley said that most underwriting decisions finalised in ...

Global tech wars disrupt $600m market

MICHELLE BALTAZAR  |  WEDNESDAY, 14 NOV 2018
... Asked how traditional finance outfits can better compete with the FAANGs and BATs of this world, Brett King, founder of mobile neo-bank Moven, says: "Every product in your wheelhouse will become an experience that you deliver in real-time and without ...

Blue Sky LIC gets a new suitor

KANIKA SOOD  |  WEDNESDAY, 24 OCT 2018
Geoff Wilson has thrown his hat in the ring for the troubled Blue Sky LIC which last week reached an agreement to appoint a Pinnacle affiliate as its new manager. Wilson Asset Management has sent a proposal to the LIC's non-executive directors, making ...

NEOS unveils underwriting and sales team

KARREN VERGARA  |  TUESDAY, 23 OCT 2018
NEOS Life has formally announced the members of its underwriting and sales teams. Gemma Wheeler leads the underwriting and operations team. She joined from BT Life where she was a national new business and underwriting manager. Prior to that, she was ...

Perpetual partners with Microsoft

KANIKA SOOD  |  TUESDAY, 23 OCT 2018
... by allowing them to stress test portfolios easily. Early takers include one of the big four banks, two mutual banks and a neo bank, Perpetual said.

MyFiduciary partners for compliance

JAMIE WILLIAMSON  |  THURSDAY, 21 JUN 2018
MyFiduciary is partnering with a fintech to roll out a digital monitoring and compliance tool. Entering a strategic partnership with JHC Systems, MyFiduciary is equipping firms with JHC Neon; a digital risk, monitoring and analytics dashboard. JHC said ...