Tagged: xinja bank

Australian Neobank Xinja to Close Down Customer Accounts, Hand Back Banking License

Australian neobank Xinja had been working on finalizing a $433 million investment deal from Dubai’s World Investment Group. However, the digital challenger will now be closing customer accounts and returning its banking license. Xinja’s management noted that they will be refunding customer savings. The Fintech… Read More

Australian Neobank Xinja Is Working on Finalizing $433 Million Investment Deal from Dubai’s World Investment Group

Australian neo-bank Xinja recently noted that it’s working cooperatively with Dubai’s World Investment Group (WIG) in order to close the $433 million investment deal that was announced in March 2020. At present, the bank is working with auditors so that they can address concerns regarding… Read More

Australian Neobank Volt to Further Slash Interest Rates on its Savings Account, Other Digital Banking Challengers Also Making Cuts

Australian neobank Volt has confirmed that it’s planning to reduce the total interest rate on its Save account. The bank will slash the current rate by 20 basis points, so it will be lowered from the current 1.45% p.a. to 1.25% p.a. This new rate… Read More

Xinja Bank Partners With SISS Data Services For Open Banking Solutions

Xinja Bank, an Australia-based neobank, announced on Tuesday it has joined forces with SISS Data Services for new open banking solution. Xinja Bank reported that the partnership is considered part of the first phase of its Consumer Data Right (CDR) journey. “This initial phase of… Read More

Australian Neobanks Continue to Slash Interest Rates on Savings Accounts due to Economic Challenges Created by COVID-19

Even though interest rates offered by challenger banks or neobanks in Australia (and globally) are generally higher than those offered by incumbents, Mozo reports that these all-digital banking platforms have been lowering their rates. Analysis performed by Mozo reveals that three neobanks were forced to… Read More

Cloud Connectivity Company Kong Now Powering Xinja Bank’s Digital Banking Platform

Kong, a cloud connectivity company, announced on Tuesday Australia’s Xinja Bank has deployed Kong Enterprise to power its mobile banking platform.  Kong reported that with its service connectivity platform, Xinja may more effectively connect, secure, and manage all of its API and services. “As a… Read More

Xinja Bank Announces Plans to Launch U.S. Share Platform For Australian Investors

Xinja Bank, an Australia-based neobank, announced on Tuesday plans to launch a U.S. share platform for Australian investors, Dabble. According to Xinja, Dabble will sit alongside the neobank’s bank account and savings account Stash. It will provide quick and easy access to US shares, many… Read More

Xinja Bank Set to Cut Stash Savings Account Rate to 1.8%

Xinja Bank, an Australia-based neobank, announced on Thursday it will move the interest rate on its Stash savings account to 1.8%, effective May 11th. Xinja reported launched Stash, a savings account linked to your Bank Account (transaction account) designed for customers to save by separating… Read More

Xinja Bank “Pauses” Opening of New Stash Savings Account to Maintain Current Rate for Existing Customers

Xinja Bank, an Australia-based neobank, announced on Thursday it is hitting the “pause” button of opening new Stash Savings Accounts in order to maintain current rates for existing customers. Xinja reported that Stash is a savings account linked to your Bank Account (transaction account) designed… Read More

Australian Neobank Xinja Bank Launches Series D Investment Round

Xinja Bank, an Australia-based neobank, announced on Wednesday it has launched its Series D investment round to attract more sophisticated investors, with a minimum of $20,400 to invest. The banking group, which now holds more than $300 million in deposits already, is looking to raise… Read More

Australia’s Neobank Xinja Bank Reaches $200 Million in Customer Deposits Less than a Month After it Launched

Australia-based digital bank Xinja has reached the $200 million mark in total customer deposits. The digital bank was launched less than a month back and it has already managed to accumulate the large sum of money via its popular Stash savings account. After only a… Read More

Australian Neobank Xinja Bank Hits $100 Million in Deposits & 15,000 Customers in Less Than Three Weeks

Xinja Bank, an Australia-based neobank, has reportedly hit $100 million in deposits and has attracted 15,000 customers to its platform in just three weeks. According to Xinja, customers are taking advantage of its new ‘Stash’ digital bank account and 2.25% savings rate. According to iTWire,… Read More

Australian Neobank Xinja Bank Receives License & Launches Bank Accounts

Xinja Bank, an Australia-based neobank, announced on Monday it has received its full banking license from the Australian Prudential Regulation Authority (APRA) and has launched its bank accounts.  Founded in 2017, Xinja Bank describes itself as an independent 100% digital neobank for Australians that is… Read More

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