Judo Bank open to fintech and cryptocurrency businesses

Judo Bank has stated it won’t refuse or decline certain types of businesses from using its banking services but would make decisions on a case-by-case basis.

At the ‘Australia as a Technology and Financial Centre’ senate inquiry, Judo Bank chief executive Joseph Healy was questioned on its practices for offering banking services.

One of the issues being canvassed by the committee is “de-banking”, where fintechs and cryptocurrency companies are declined services from the major banks.

Healy said Judo Bank would stand behind its ‘four C’s of banking’ – character, capacity, capital and collateral – when considering providing services to a business in the digital assets space.

He said the challenger bank would “look at these business models, the same way that we look at any other business model.”

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Source: Judo Bank open to fintech and cryptocurrency businesses – Finance – Strategy – iTnews