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Neobank Xinja blames COVID for pulling plug on Australia

On Dec 16, 2020
@BrettKing shared
RT @vikash_ins: #Neobank Xinja to return banking licence - blamed #COVID19 and a tough capital raising environment for the decision to exit #banking. @ghanem_elias @chiragthakral @WFSULLIVAN3 @fintech_matt @FrankJSchwab @helene_wpli https://t.co/ytQ7AxpgBJ
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Xinja has blamed COVID-19 and a tough capital raising environment for the decision to exit banking in Australia.

www.smh.com.au
On Dec 16, 2020
@BrettKing shared
RT @vikash_ins: #Neobank Xinja to return banking licence - blamed #COVID19 and a tough capital raising environment for the decision to exit #banking. @ghanem_elias @chiragthakral @WFSULLIVAN3 @fintech_matt @FrankJSchwab @helene_wpli https://t.co/ytQ7AxpgBJ
Open

Neobank Xinja blames COVID for pulling plug on Australia

Neobank Xinja blames COVID for pulling plug on Australia

Xinja has blamed COVID-19 and a tough capital raising environment for the decision to exit banking in Australia.

Xinja is now the second neobank to receive a Restricted ADI license

Xinja is now the second neobank to receive a Restricted ADI license

Neobank Xinja has been issued a restricted banking license from the Australian Prudential Regulation Authority (APRA), per The Australian.

7 Things You Need to Know About Singapore’s Digital Banking Licenses

7 Things You Need to Know About Singapore’s Digital Banking Licenses

The Monetary Authority of Singapore released its framework for its upcoming digital banking license. Here are some crucial things to know.

Neobank Xinja stops deposits as RBA rate cut bites

Neobank Xinja stops deposits as RBA rate cut bites

The start-up bank said it can't take any new deposits because it's hit regulatory ratios before it has started lending and is burning cash at $2 million a month.  

iSignthis plans Australian neobank licence in 2019

iSignthis plans Australian neobank licence in 2019

Payment and identity technology company to receive it in Q1 2019.

The EU regulatory environment – room for improvement

The EU regulatory environment – room for improvement

Basel III – an agreement worth implementing In the wake of the financial crisis, concerted efforts were made at the global level to reform the regulatory framework for banks. Finally, by ...

What bank capital regulation works best for the economy?

What bank capital regulation works best for the economy?

With Basel III due to be fully implemented in 2019 Andrea Gamba discusses his reasearch that shows it could have an adverse effect on the broader economy.

Risky assets FINMA sets tough restrictions on bank bitcoin trading

Risky assets FINMA sets tough restrictions on bank bitcoin trading

The Swiss regulator says cryptocurrencies should be valued at eight times their market price when calculating loss-absorbing capital buffers.

Switzerland: IFLR EMEA Fintech Special Focus 2019 Switzerland: A Licence For The Future?

Switzerland: IFLR EMEA Fintech Special Focus 2019 Switzerland: A Licence For The Future?

The beginning of 2019 saw the introduction of a new regulatory licence category into Swiss law with the aim of facilitating ... Switzerland Fin Tech Baer & Karrer 12 Mar 2019

Damning report finds banking industry an 'oligopoly' that exploits its customers

Damning report finds banking industry an 'oligopoly' that exploits its customers

Productivity Commission says banking system so concentrated it can boost profits without repercussions

Intuit Muscles into Banking with AI-Powered Primary Checking Account

Intuit Muscles into Banking with AI-Powered Primary Checking Account

QuickBooks Cash Account, with Green Dot as partner, will build on the software company's existing base of five million small businesses.