banking Archives - Credit Simple

What are neobanks and how are they different?

17 December 2019

The term ‘neobank’ refers to a new crop of financial institutions that has been sprouting up throughout Australia and the rest of the world since at least 2017. What makes these banks different from traditional banks is that they have been reimagined from the ground up with a purely digital focus – to run seamlessly through an app and with no branches anywhere in sight. What are the benefits of using a neobank? The outside-the-box thinking common to neobanks offers…

The future of banking: it’s banks, Jim, but not as we know it

By: Credit Simple

20 June 2018

Banking is moving into a new high-tech universe. Like many other aspects of our lives, the digital revolution is about changing the way we bank. In the future, we might even use Snapchat, Facebook, Instagram or other social media platforms for our banking with the traditional bank relegated to providing wholesale services. Here’s what I think: Right now, banks have the power Whichever way we turn there are fees, fees, and more fees. Most banks keep their shareholders very happy…

Want to keep your money safe online? Think about your underpants

By: Credit Simple

11 September 2017

Budgeting, planning and all the good credit habits in the world are no good if someone goes and nicks your hard-earned money. These days, though, the bad guys are unlikely to turn up with stockings over their heads and big sacks marked “swag”. Digital crime – money being stolen directly from your bank account – is on the up. There are two ways this can happen, and one is a lot more common than the other. “Hacking” is what most…