Small business lender Judo Bank says its new forays into automation and artificial intelligence will provide customers with insights they could not gain on their own, as the scale-up challenges “industrialised” SME loans offered by the Big Four.
On Monday, the seven-year-old Judo Bank revealed pre-tax profits in the nine months to March 31 of $86.7 million, surpassing the full-year profits of $15.6 million tallied in 2021-2022.
The institution also projected a net interest margin — the difference between the interest it earns from loans and the interest it pays on deposits — to between 3.35
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Senior Business Journalist
Focused on the small business sector, David’s work covers the political, regulatory, and economic issues facing Australian entrepreneurs. Prior to joining SmartCompany, he was a reporter for Business Insider Australia. You can follow him on LinkedIn.
