Xinja has up to 2 years from it’s RADI licence date to either convert to a full ADI licence or exit the banking industry. All RADI licensees must have an exit plan in place to be able to return all deposits if they do not progress to full ADI licence. Xinja is aiming to convert from a RADI licence to a full banking (ADI) licence as early as possible in 2019, subject to approval from APRA (Australian Prudential Regulation Authority). For more information click here!
Articles in this section
- When will Xinja get its full banking licence?
- When will Xinja get its banking licence?
- What's an Authorised Deposit-taking Institution (ADI)?
- What’s a restricted banking licence?
- What's a Restricted Authorised Deposit-taking Institution (RADI)?
- Why the name 'Xinja'?
- What is Xinja?
- Is Xinja a bank?
- Who owns Xinja?
- Who is behind Xinja?