array(1) { [0]=> &object(stdClass)#4602 (52) { ["id"]=> string(5) "15443" ["title"]=> string(53) "Neobanks, consumer data right and the rise of digital" ["alias"]=> string(52) "neobanks-consumer-data-right-and-the-rise-of-digital" ["introtext"]=> string(139) "

86 400, Australia’s first smartbank, was established with the intention of building a genuine alternative to the big four banks.

" ["fulltext"]=> string(1342) "

One year after being awarded its banking licence, the bank’s CEO, Robert Bell, joins host Grace Ormsby to talk about what sets neobanks apart from traditional banks, how COVID-19 has impacted 86 400’s procedures, and why there has been a shift in consumer preference towards digital communication when dealing with financial institutions.

Tune in to this episode of The nestegg Podcast to hear how the bank works out which features its customers want, what 86 400 does with its customers’ data, and how Australians could be managing their money better.

Thanks Robert, for sharing your insights with the nestegg podcast team!

You can keep up to date with what 86 400 are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2020-07-14 04:59:51" ["created_by"]=> string(4) "2394" ["created_by_alias"]=> string(0) "" ["state"]=> string(1) "1" ["modified"]=> string(19) "2020-07-16 09:09:18" ["modified_by"]=> string(4) "2385" ["modified_by_name"]=> string(14) "Justine Nifras" ["publish_up"]=> string(19) "2020-07-15 00:30:36" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(228) "{"image_intro":"images\/podcasts\/Robert-Bell-podcast-ne.jpg","float_intro":"","image_intro_alt":"Robert Bell","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(782) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","video_url":"","channel_id":"UCLBR-2LtTtui_WiRuEfW3qA","show_publishing_options":"","show_article_options":"","show_urls_images_backend":"","show_urls_images_frontend":"","send":"0","test":"0","readingDiff":"3","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(39) "neobanks, consumer, data, rise, digital" ["metadesc"]=> string(200) "86 400, Australia’s first smartbank, was established with the intention of building a genuine alternative to the big four banks. 12 months after being awarded its banking license, the bank’s CE" ["access"]=> string(1) "1" ["hits"]=> string(3) "460" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(4) "1342" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "82" ["author"]=> string(10) "Tasha Levy" ["author_email"]=> string(31) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#4611 (3) { ["data":protected]=> object(stdClass)#4606 (95) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "1" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["menu-meta_description"]=> string(180) "Let us help you decide how you want to invest your money on. Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2020-07-15 00:30:36" ["slug"]=> string(58) "15443:neobanks-consumer-data-right-and-the-rise-of-digital" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(71) "/resources/podcast/neobanks-consumer-data-right-and-the-rise-of-digital" ["image"]=> string(42) "images/podcasts/Robert-Bell-podcast-ne.jpg" ["image_alt"]=> string(11) "Robert Bell" } }

Latest Podcast

Neobanks, consumer data right and the rise of digital...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Invest

Does a gas-powered recovery benefit the Australian economy?

By Cameron Micallef

May 21 2020
Share

Invest

Does a gas-powered recovery benefit the Australian economy?

By Cameron Micallef
May 21 2020

While the Australian government is pushing that “cheap gas can power the Australian economy”, a think tank has argued that it is self-serving for the gas industry.

Does a gas-powered recovery benefit the Australian economy?

By Cameron Micallef

May 21 2020
Share

While the Australian government is pushing that “cheap gas can power the Australian economy”, a think tank has argued that it is self-serving for the gas industry.

Energy Minister Angus Taylor is pushing hard for a “gas-fired recovery” following the pandemic, as he believes cheap gas will help everyday consumers and businesses.

The Australian Institute argued, however, that the Prime Minister’s hand-picked National COVID-19 Coordination Commission is stacked with former fossil fuel executives and operates without proper scrutiny, oversight or transparency.

“And now another secret review conducted by a hand-picked gas executive has – surprise, surprise –recommended redirecting emissions reduction funding into failed carbon capture and storage and to big emitters,” the think tank’s report noted.

New analysis from the Australia Institute’s Climate and Energy Program found that using COVID-19 recovery funding to subsidise the gas industry would create few jobs, increase emissions and lock in higher energy prices.

“It’s a lose-lose-lose strategy,” the report found.

“COVID-19 recovery spending is a once-in-a-generation opportunity to rebuild Australian manufacturing using cheap, clean renewable energy and new equipment to electrify industrial processes.”

However, the gas industry argues that a gas pipeline from Western Australia to Australia’s eastern states and energy-intensive manufacturing out west will play a role in Australia’s economic recovery.

Nev Power, chairman of the government’s National COVID-19 Coordination Commission, yesterday noted that cheap gas would benefit households and energy-intensive manufacturers who have been struggling under high gas prices for years and would also lower the electricity price and fast-track the transition to baseload renewable energy.

The Australian government plans for tax reform and deregulation of the system and cheaper gas on the east coast, which it hopes will increase Australia’s economic prosperity in the longer term.

However, the gas industry itself is currently struggling due to a combination of an increase in supply and a crash in world oil markets, which has seen the price plunged from $11 a gigajoule to around $4, which the gas companies see as unsustainable.

The government has signaled that it intends to facilitate lower cost gas by providing the regulatory regime to enable increased production and the construction of new infrastructure, such as pipelines.

In addition, of the 12 projects shortlisted under its pre-pandemic policy to underwrite reliable generation, five are gas projects.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates

Rate the article

About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

Commodity

Global chocolate consumption melts on COVID-19 outbreak

The COVID-19 crisis has taken a bite out of chocolate sales, collapsing the price of cocoa, according to new research. ...Read more

Commodity

What’s up with the price of gold?

In today’s negative yield environment, buying gold to diversify and decrease market volatility “has never been so favourable” – and it’s why the price of gold is peaking, according to a mark...Read more

Commodity

Will COVID-19 stop the transition to clean energy?

The COVID-19 pandemic could cancel out recent progress in moving the world’s energy supply to cleaner resources, new research has found. ...Read more

Commodity

Why mining might build COVID-19’s metaphorical bridge

Mining could be the “way forward” for Australia post-pandemic, according to KPMG. ...Read more

Commodity

Oil prices plunge into negative territory

A lack of oil usage due to people staying at home and high volumes being produced has led to oil falling to negative territory for the first time in its history. ...Read more

Commodity

Petrol price war ends

In bad news for consumers, OPEC has announced the end of its price war, meaning the cost of fuel is likely to rise in the coming months. ...Read more

Commodity

Are Aussies paying too much at the pump?

Fuel prices are falling dramatically due to a Russian and Saudi Arabian oversupply and a lack of demand from consumers who are self-isolating, leading to a better deal for Australian consumers. ...Read more

Commodity

Oil could see single-digit prices

Following Russia and Saudi Arabia ramping up oil production as demand for oil falls, consumers could be the major winners as the price of petroleum drops to single digits, industry experts have sugges...Read more

Listen