Avenue Bank pioneers innovative banking solutions , building during the pandemic and revolutionising traditional products to redefine the banking experience
AVENUE BANK
Avenue Bank pioneers innovative banking solutions , building during the pandemic and revolutionising traditional products to redefine the banking experience
Avenue Bank is aiming to become the first port of call for businesses seeking a bank guarantee as it looks to tear up the norms for such a product .
Nicolas Parfait , CIO , shares the regulatory obstacles and product development challenges encountered by Avenue Bank . The journey began optimistically in 2018 with hopes of a swift launch , only to be halted by a suspension of issuance of new licences by the regulator due to the uncertainties of COVID . These and other setbacks prompted Avenue Bank to shift its focus , prioritising the build of its tech platform while awaiting regulatory approval .
Avenue Bank ’ s journey has seen them face up to a global pandemic as it worked through uncertainty to bring its innovative bank guarantee product to market , despite the challenges along the way . From navigating regulatory hurdles to pioneering groundbreaking solutions , Nicolas and the Avenue Bank team have built and redefined the banking experience for Australian businesses .
Innovating bank guarantees Avenue Bank embarked on a mission to revolutionise the traditional bank guarantee process , driven by a
4 avenuebank . com . au