Tagged: NAB

BNPL: NAB Introduces Buy Now, Pay Later Option with No Late Charges

NAB has introduced a Buy Now, Pay Later (BNPL) solution that it says will not hit consumers with late charges, account fees or interest payments. The banking institution will reportedly allow clients to spend as much as $1,000 through a virtual credit card that’s embedded… Read More

Former NAB and PwC Exec Joins CrowdProperty Australia to Lead Investment Growth

Diana Shoolman, former head of professional services at NAB, and former director at PwC and Deloitte, has joined Fintech CrowdProperty Australia to serve as its director of strategic partnerships, in order to spearhead the firm’s growth of wholesale, sophisticated, and institutional investors. This appointment is… Read More

Digital Banking: Australian Smart Bank 86 400 Shares Updates Aimed at Putting Homebuyers on Financial Fast-Track

Australia’s first “smartbank,” 86 400, reveals that it has introduced a new 85% Loan to Value Ratio (LVR) tier for Owner Occupied, Principal and Interest home loans, and has now “removed the need to pay Lenders Mortgage Insurance (LMI) with a 15% deposit/equity, knocking thousands… Read More

National Australia Bank Set to Acquire 86 400 to Accelerate UBank Growth

National Australia Bank Limited (NAB) announced on Friday it has entered into a scheme implementation agreement to acquire 100% of the shares in 86 400 Holdings Ltd, the holding company of Australian neobank, 86 400. According to NAB, the acquisition is to help accelerate UBank’s… Read More

Australian Consumer Marketplace Lender SocietyOne Announces Warehouse Facility & $15 Million Investment

Australia-based marketplace lender SocietyOne announced on Monday it has established a warehouse facility arranged by NAB, alongside securing $15 million through its recent equity raise, to support growth. According to SocietyOne, the warehouse facility is also scalable to support the lender’s continued growth, as borrowers… Read More

Austrlia’s Digital Banks Xinja, Judo Bank, 86 400 Attracting Millions in Savings After Launching High Interest Rate Accounts

Australia-based digital banks Xinja, Judo Bank and 86 400 have been attracting millions of dollars worth of savings from the nation’s banking clients after the introduction of their high interest rate accounts. Traditional industry players like ANZ, Westpac, NAB and Commonwealth Bank have reportedly lost… Read More

The National Australia Bank Commits £200 Million for LendInvest

Online property finance marketplace LendInvest has received a £200 million investment from the National Australia Bank (NAB). The investment was supported by HM Treasury. Chris Philp, PPS to the Chancellor of the Exchequer, commented on the announcement: “This very substantial investment from NAB into LendInvest… Read More

National Australia Bank Backs Fintech Hackathon at Intersekt

One of the four largest banks in Australia, National Australia Bank (NAB), has partnered on the upcoming Fintech hackathon taking place during Australia’s first Fintech festival – Intersekt. The hackathon expects to find new ways for businesses to benefit from improved and smarter access to… Read More

Australian Government Eyeing Big Banks to Prevent Blockchain Monopolization

The Australian Competition and Consumer Commission (ACCC), an independent arm of the Australian government that aims to regulate competition in the market and uphold national consumer law, has been closely eyeing four big banks to prevent attempts of monopolizing the blockchain industry in fintech. The banks… Read More

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