There have been exploratory conversations between Bendigo and Adelaide Bank and Bank of Queensland, Bendigo told the Australian Competition Tribunal – but they won’t lead anywhere.
After withdrawing from the US market in the December half of the year, fintech Douugh turned its attention to the rollout of its product in Australia. It hasn’t fared any better in the local market.
The London-listed fintech will open its platform in Australia to non-banks, in a move that shows banking-as-a-service still has some legs to lift competition.