National Australia Bank (NAB) will buy start-up neobank “86 400” for $220 million, but the deal will need to clear scrutiny from the competition watchdog. NAB moved to acquire 86 400 to bolster its own neobank UBank. “Bringing together UBank and 86 400 is consistent with NAB’s long-term strategy and growth plans and will enable…

National Australia Bank (NAB) will buy start-up neobank “86 400” for $220 million, but the deal will need to clear scrutiny from the competition watchdog. NAB moved to acquire 86 400 to bolster its own neobank UBank. “Bringing together UBank and 86 400 is consistent with NAB’s long-term strategy and growth plans and will enable…