What's behind the rise of Neobanks in Australia?

Amid the disruption of banking channels around the globe, Fintechs and new banking players are revolutionising the space. They innovate old services like international money transfer and layby, to produce aesthetic and easy ways of managing finances.

Meet the Neobank, the new kids on the block ready to challenge traditional banking. Our insights show that first-time bank users are fully embracing the neo way, and even existing consumers see neobanks as strong contenders to take over their current bank. With digital infrastructures and unstained legacies, how are Neobanks changing banking for consumers?

Timestamps:
00:00 The rise of Neobanks
2:15 Travis Tyler - How Neobanks and 86 400 are built around customer lifestyles
5:41 Anson Parker - Personalised experiences in Neobanks at Up Bank
8:25 How do Neobanks establish Consumer Trust
11:30 Oliver Kidd - Other disrupters to the banking channels and Archa Money

Featuring:
Anson Parker, Head of Product of Up Bank
Travis Tyler, Chief Product and Marketing Officer of 86400
Oliver Kidd, CEO of Archa Money

Reporting by Yasmine Masi https://www.linkedin.com/in/yasmine-masi-869263149/
Read more on this on our website https://www.thestartsmart.com/why-are-neo-banks-on-the-rise-in-australia/

Watch this space for more on banking and financial services.

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