Are neobanks safe?
If you’re considering switching to a neobank, or just hoping to learn more about how they work, one question is probably weighing heavily on your mind: are they safe?
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If you’re considering switching to a neobank, or just hoping to learn more about how they work, one question is probably weighing heavily on your mind: are they safe?
Between 86 400’s launch and Xinja’s acquisition of its full banking licence, neobanks have been making plenty of waves as of late. But if you’re planning on making the switch, there’s a lot you’ll need to know. Mozo’s Kirsty Lamont answers some of the biggest questions about neobanks and what they have to offer.
What’s the weather going to be like tomorrow? Is my bus going to be on time? Is it cheaper to fly to Rome in June or July? What do I want for dinner? Whether it’s a question you need answering, or a task you need doing, chances are there’s a mobile app out there to solve your problem and help make your life easier.
The neobank revolution is well and truly underway in Australia with a number of players positioning themselves to be the next big alternatives to conventional banks. And with a range of innovative apps, products and features on offer, it’s safe to say neobanks are generating a fair bit of excitement.
Whether you’re looking to transfer funds or review your monthly spending, chances are you rely a whole lot on your smartphone. There’s been a real shift from physical banking to digital banking lately, and with plenty of online banks and up-and-coming neobanks offering primarily app-based services, this is set to become even more pronounced.But while banks’ own security measures are pretty reliable, there’s no shortage of shady characters out there looking to rob people of their information and their money. So to help you out, we’ve compiled some tips to keep you safe when banking on your phone.
Technology and finance are both rife with obscure and difficult concepts. Merge the two and it seems that some unfamiliar bit of jargon awaits you at every turn. To make sure you’re up to speed with all the latest developments in the world of financial technology, we run through what fintech is and how key players in that space, like neobanks, are leveraging it to provide exciting new services.
They’re new, they’re fully-online and they’re promising to change the way Australians bank by integrating the latest technology with some innovative new features, but is a neobank the right place to keep your cash and manage your finances?
Keeping track of your expenses and budget progress has advanced beyond spreadsheets, with the right tools being a huge asset to your financial goals.
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In a move designed to expand its digital banking capabilities, Bendigo and Adelaide Bank is set to acquire Melbourne-based fintech Feroicia in a deal worth up to $116 million.
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Two Mozo Expert Choice Award favourites are teaming up to provide revolutionary Open Banking services to their customers.
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One of Australia’s largest mutual banks, Teachers Mutual Bank, has announced the imminent launch of its new digital banking arm, Hiver.
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