Neobank bonanza downunder, as Xinja and 86 400 each launch

  Earlier this week banking historical past was made in Australia, with two new neobanks claiming a photograph end first to market. On Monday, inside hours of one another, new banks Xinja and 86 400 each introduced they had been open for enterprise. The launch of each companies marks a big milestone for the fintech sector downunder, which to date has lacked an lively neobank market, regardless of having a strong pipeline of contenders. The one exclusion to this has been the launch of Up Financial institution, which has constructed…