Assuro and BNK Banking Corporation Limited (BNK) have strengthened their existing collaboration with the launch of a second BNK bank guarantee product on the Assuro platform. This latest offering expands the suite of financial solutions available to businesses, providing greater flexibility and choice in securing bank guarantees.
Building on the success of BNK's initial launch in 2023, this new high-value guarantee complements the existing 'low-cost' option. For guarantees exceeding $50,000, BNK now offers a competitive variable interest rate of 2.65% on the cash security while maintaining no ongoing fees.
Leon Weston, CEO and Founder of Assuro, expressed his enthusiasm for the growing collaboration:
"We're thrilled to expand our collaboration with BNK to introduce another market-leading bank guarantee product. This collaboration reflects our shared commitment to making bank guarantees more accessible, efficient, and cost-effective for businesses across Australia. By adding this second BNK product to our platform, we continue to give businesses greater choice and control over their financial solutions."
This expanded collaboration highlights both Assuro's and BNK's dedication to delivering innovative, technology-driven financial solutions that simplify the banking experience for businesses.
David Thorn, Chief Operating Officer at BNK commented on the collaboration:
"BNK is focused on serving small to medium businesses, the ongoing collaboration with Assuro provides a technology-driven way of securing a bank guarantee with next to no cost for our customers. This new product further enhances the 'low-cost' offering by providing a competitive rate of return for high-value bank guarantee customers."
With this new addition, Assuro continues to redefine the bank guarantee landscape, ensuring businesses have access to a growing range of digital solutions tailored to their needs. The BNK high-value bank guarantee product is now available on the Assuro platform, offering the same seamless application process and dedicated support that businesses have come to expect from Assuro.
About Assuro
Assuro is a multi-award-winning Australian fintech company that owns and operates a digital platform specialising in the distribution, origination, and management of bank guarantees. Assuro is dedicated to helping businesses thrive by providing a suite of products that simplify bank guarantees and save clients time and money.
www.assuro.com.au
About BNK Bank Corporation Limited
BNK Banking Corporation Limited (ASX: BBC) was founded in 1982 as Goldfields Credit Union. Now, as a branchless bank, BNK offers customers a diverse range of financial products whilst providing a 'one-stop' shop for brokers. BNK operates two brands: Goldfields Money and Better Choice Home Loans. BNK is executing on its strategy of becoming a market leading SME bank and offers a diverse product range in this sector. BNK has leveraged its deeply experienced management team, strong distribution network and award-winning brands to deliver a solid performance over the last two years.
Media contact
Leon Weston, Chief Executive Officer, Assuro, leon@assuro.com.au
Michelle Loh, Media & Investor Enquiries for BNK, Cannings Strategic Communications, michelle.loh@canningscomms.com
