Banking licences are going easy. Going cheap.
Challenger Bank. BNK Banking Corp.
And neither of them going anywhere.
Because fintechs are a joke in Australia.
All their ballyhoo and posturing about reinventing payments and banking done properly ultimately leads to one place.
Getting your paws on an ADI licence.
Why is the market silent on fintechs probing around even credit unions, let alone BNK and Challenger?
Because none are.