Australian Digital Banks Begin to Make an Impact

Australia is beginning to feel the digital banking waves as challengers Volt and Judo begin to make inroads into a banking market long dominated by the big 4: National Australia Bank, Commonwealth Bank, Australia and New Zealand Banking Group and Westpac; Volt has already acquired a banking license, while Judo is in the process of making that acquisition; these digital banks can take a number of lessons from their UK based counterparts to help them build a more refined version for their core customer; the task won’t come easy, though Judo has shown there is appetite for this offering by raising $71mn from international investors and further plans to raise $177mn more interesting he near future. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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