Alan Tsen News Today

FinTech Australia Seeks New CEO as Rebecca Schot-Guppy Steps Down August 3, 2021 @ 10:33 pm By JD Alois FinTech Australia, the leading association advocating on behalf of innovation in financial services in Australia, is looking for a new Chief Executive Officer. The hunt for new leadership was predicated by the decision of former CEO Rebecca Schot-Guppy to exit the group to take a new position at IAG’s Firemark Ventures, the VC fund of Australia’s largest general insurer. Schot-Guppy is e...

Neobank 86 400 to be acquired by NAB in $220 million deal 86 400 chief executive Robert Bell. Source: supplied. Aussie neobank 86 400 is set to be acquired by NAB, combining with the big bank’s own digital offering UBank. NAB already owns 18.3% of 86 400, having taken part in its Series B funding round. Now, it plans to acquire the remaining shares for approximately $220 million, valuing the business at just shy of $270 million. The deal is still subject to approval from regulators and shareh...