Judo Bank (ASX:JDO) is why the Big Four ‘dinosaurs’ are roaring
Marc Kennis, September 16, 2022
Let’s have a look at one of the major disruptions occurring within the financial services industry – and we aren’t talking about economic data and energy prices this time.
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Stuart Roberts from Stocks Down Under discusses the rise of fintechs, including Judo Bank, what he likes about this space and the ways the industry has evolved since the emergence and uptake of fintech businesses.
According to Stuart, “there’s a lot of roaring you can hear out there in Jurassic Park and it’s the Big Four Banks at the moment – gradually seeing whatever expertise they had being chiselled away by various start-ups and people nipping at the edges”.
In his view, apart from one major bank, the others may be seeing a longer-term secular decline – meaning, markets could see a gradual reduction of the relevance of these banks in the composition of the ASX.
Stuart likes Judo Bank
Stuart gives Ausbiz an overview of the industry and talks about one company that has “shot the lights out” in the current environment: Judo Bank (ASX:JDO), which has successfully capitalised on a niche and grown its loan bank by 73%.
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