PERTH, 20 November 2023 – Assuro, a leading provider of digital bank guarantee solutions, today announced its partnership with BNK Banking Corporation Limited (BNK), an Australian digital bank trading under the name Goldfields Money. Operating since 1982, BNK combines its extensive banking expertise with the latest technology to enhance the customer experience.
Under this commercial agreement, Assuro will offer BNK's bank guarantee product on the Assuro platform. The offering includes a competitive pricing structure with no ongoing fees, a one-off establishment fee of $399, and 1% variable interest rate (as at date of publication). This strategic partnership marks a significant step for Assuro in offering customers a range of bank guarantee products from multiple authorised deposit-taking institutions.
"I’m very excited to be partnering with a Western Australian bank in BNK to launch this product to market," said Leon Weston, CEO at Assuro.
"This market leading, low-cost bank guarantee solution aligns entirely with Assuro’s purpose of delivering simple, convenient and great value bank guarantees to our business clients."
This partnership is poised to transform the landscape of bank guarantee solutions, rendering them more efficient and cost-effective, while contributing to the overall growth and competitiveness of the financial market.
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 their clients time and money.
Media Contact:
Leon Weston, Chief Executive Officer, Assuro, leon@assuro.com.au
