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    APRA Licenses 86400 Ltd as Authorized Deposit-Taking Institution

    July 18, 2019

    APRA announced that it has granted 86400 Ltd a license to operate as an authorized deposit-taking institution without restrictions, under the Banking Act 1959. On the APRA website, the register of authorized deposit-taking institutions lists APRA-regulated institutions, including Australian-owned banks, foreign subsidiary banks, branches of foreign banks, building societies, credit unions, restricted authorized deposit-taking institutions, other authorized deposit-taking institutions, and providers of purchased payment facilities.

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    Keywords: Asia Pacific, Australia, Banking, Banking Act, 86400 Ltd, Digital Banks, APRA

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