Board of Directors

(Consist of Executive and Non-Executive Members)

Board Advisory Committee

(Consist of Independent Highly Experienced &
Successful Individuals within Industry)

Executive Committee
(Team Executes Strategic Plans and Decisions Made
by Board)

Chief Executive Officer

(Head of Executive Committee)

Executive Assistant to CEO & Advisor to CEO & Deputy CEO

(Fully aware of CEO & Deputy CEOs activities and
Deputy CEO advises on strategic matters)
(Assisting CEO & Deputy CEO)

Deputy Chief Executive Officer

(2nf in charge of Executive Committee, government
regulations, legal and risk management)

Chief Financial Officer Chief Marketing Officer Chief Technology Officer Chief Operation Officer Chief Human Resource Officer
(Head of economic capital functions, investigation & (Head of marketing & branding, corporate affairs, (Head of Information & Technology, design and (Head of Personal &Business Banking and all other (Head of human resource and internal affairs)
dispute, AFCA affairs, payrolls) government relations and communications) functionality, cyber security and tech research) products)

Director of Personal Banking Director ofBusiness Banking

(Head of Personal Banking; Daily and Saving (Head of Business Banking; Transection Account, Credit
Accounts, Credit Card, Personal Loan, Home Loan, Card, Secured & Unsecured Loan, Equipment Finance,
Term Deposit, Car Loan, Superannuation, Insurance Business Property & Vehicle Finance, Superannuation,
and Overseas Banking) Insurance and Overseas Business Banking)

Manager of Customer Service Manager of Customer Service

(Head of Personal Banking Customer Service for APP (Head of Business Banking Customer Service for APP,
& Telephone Banking) Merchant Terminal& Telephone Banking)

Diagram: Proposed Organogram for iBank

 Products
(Divided under Personal & Business)

Personal Banking Business Banking

Daily Transections Business Bank Accounts

Bank Accounts Saving

Daily Business Saver Business Credit Cards

Credit Cards

Low rate, Low limit Secured Loans

Home Loan

Unsecured Loans
Regular rate, highest limit
Personal Loan

Regular rate, regular limit Vehicle and

EquipmentFinance
Vehicle Loan

Overdraft
Insurance

Business Insurance

Superannuation

Smart Payment Solution

(Merchant Solution)

Superannuation
(For Employers and Employees)
About Us:
We are a group of young talent aiming to start a neo bank with all existing banking facilities through app. The future is paperless, more secured
with cutting edge technology, easy to use and live. By eliminating bank branches & wages, we will be able to offer unbeatable products to the
nation which will be faster, easier and user friendly for all level of age and people in society with our robust ultra modern creation.
Aiming ibank will be a one app solution for all of your financial need.

Purpose of this article:

We do require 10-11 different approvals and licenses and the first part is to get an approval to use the word ‘Bank’. The regulatory body needs
the below information just to review the application.

How it will run: The institution will run by three different bodies
A) Board Advisory Committee: A group of highly experienced people from society who has extensive knowledge about different field of
our social and business life. Before and After every products launch, this group will be invited to review and discuss about the products.
This way our acceptance will be higher from early stage rather than the traditional ‘trial and error’ process
B) Board of Directors: Consist of non executivesmembers who will govern the organization
C) Executive Committee: The ream who will execute the decisions taken by board of directors

In support of an application to use the word ‘bank’ and other restricted words, please provide the
following:

 the nature of the business, the types of transactions and your target customers;
 when you intend to start the business;
 the street address of the business; and
 state whether you are required to have an Australian Financial Services Licence (AFSL). If not, have
you obtained confirmation from the Australian Securities and  Investments Commission that an
AFSL is not required?
nature of the business:Neo banking (App and Telephone banking) with all traditional banking facilities
(See the products below for better idea of products). Also personal and business basic insurance to start
with plus superannuation. Target is to make ibank as one app solution for all Australians financial need

types of transactions and your target customers;(See the products list for type of transactions. Target
customers whole Australia but initially to the people who are more tech friendly (Though our app design
will be the most ‘easy to use’ considering all aged and group of people of Australia.

when you intend to start the business;Target is to get all required approvals and licenses by November
2020. First product launching early 2021.

the street address of the business; In this model, there won’t be any street address for customer service
and entirely app and telephone based banking service. However our current office located at 1611/105
Batman Street, West Melbourne 3003.

state whether you are required to have an Australian Financial Services Licence (AFSL): We do require to
have an AFSL and to get an AFSL, need to register the company first. TO register the company, need
permission to use the word “Bank” first. This is the first stage of the entire setup process.

Mission: The mission of Neo Bank is to add to the feasible improvement by offering money related types
of assistance and answers for family units and miniaturized scale, little and medium endeavours, utilizing
globally perceived best financial practices. We are focused on conveying an incentive for our customers,
investors, representatives, and society on the loose. The crucial dependent on our qualities: uprightness
and receptiveness, polished methodology, promise to clients, cooperation, social and ecological duty.

Vision: To fulfil the client's needs by offering an easy to use Mobile Phone Application for items that are
driven by deals and administration.
Benefit of Neo Banking: We offer buyers services through streamlined cell phone application, offer no-or
low-expense records and some have no overdraft charges. Conventional banks, conversely, regularly
force overdraft charges, among different expenses that can make accounts all the more exorbitant.

Neobank additionally offer investment account loan costs far higher than the normal. Lower costs and
higher financing costs, while a draw, aren't the main selling focuses. Additionally offer devices to assist
individuals with dealing with their financial limits, reserve funds and investing in genuine energy.

Clients likewise can move cash, connection to outside records and to administrations like PayPal and
Venmo, get immediate stores, and use check cards for nothing through wide ATM systems.

Neo Bank in Australia: Neobank, a modern and advanced bank, similarly as their names recommend: new
application based banks you associate with totally – or as a rule – through a cell phone.

While the word 'bank' invokes grim mental pictures of defective pens affixed to work areas and long noon
lines, Neobank guarantee to be anything besides. Not exclusively do they not have pens, they don't have
branches – shocking, yet evident. Rather, they guarantee to furnish you with all the administrations you
need however in the manner you need: at the bit of a catch, 24 hours per day, with no confusing opening
times. They likewise guarantee to convey unmistakably more than the applications offered by
conventional banks.

Neo Bank in other countries: We provide our Banking services in UK, USA and Canada. Although, it is a
relatively new thing for people to do all of their banking through Mobile Phone Application. But, it is on
the rise and a way of future. We are providing all those services that users get through conventional
banking and more by just being a single click away and 24 hour help lines are open. Almost 50 % of users
already do Mobile banking in countries like UK, USA and Canada. So, this shows that as Mobile banking
trend is on the rise and eventually everyone would like to do Mobile banking and provides us a perfect
time to launch our mobile banking app.

Feasibility: We are here to bring more ease in our users banking world. Rather than waiting in queues for
registration, we will we performing all the banking checks through the ease of being user at your home.
This will not only provide feasibility to users but also a way for future and we are delighted to be in the
global banking team of pioneers.

Mentioning how we can instantly verify government ID like passport and/or driving license instantly here
in Australia which will eliminate the need of having a bank. Also 100 pints ID check will be lot safer

Market Study: A NeoBank is a totally advanced bank that doesn't utilize any current heritage frameworks
to work. This implies the bank doesn't utilize any physical framework or advanced working frameworks
that are now being utilized by existing monetary foundations in Australia. preparation. It's a bank that
works by means of an application on your Mobile phone.

Numerous banks in Australia have all the earmarks of being computerized banks since they don't have
branches and are centered around creating top quality versatile banking applications for their clients.
Notwithstanding, in light of the fact that a bank doesn't have branches and offers a scope of
computerized items and stages doesn't mean it's an advanced bank or a neobank.

Your store of up to $250,000 with an Australian approved store taking foundation (ADI) is ensured by the
Australian government, under the budgetary cases conspire. This implies if something somehow
managed to happen to the bank, your cash (up to this sum) would be sheltered.

At the point when a computerized bank gets its full ADI permit from APRA, it's remembered for the
administration ensure conspire and your store is secured. Xinja, Volt and 86 400 have all gotten their full
ADI banking licenses, so you're store up to $250,000 with these banks is ensured. Up Bank utilizes the
ADI permit of a current bank (Bendigo and Adelaide Bank) so your store with Up is likewise ensured.

In case you're keen on going along with one of these new NeoBank, you should simply download their
application to begin. These applications are allowed to download. When you have the application, simply
follow the prompts to make a record and confirm your personality. At that point you're finished! You'll get
your physical platinum card via the post office, however you can likewise begin utilizing the record
immediately.