Bendigo Express uses Tic:Toc’s technology to power its instant home loan, with the partnership making Bendigo Bank the first in Australia to offer a digital home loan application and assessment process under its own brand.
Managing director of Bendigo and Adelaid Bank Marnie Baker said the announcement was a reflection of the bank’s investment in its customers.
“Today’s announcement is a direct reflection of Bendigo and Adelaide Bank’s continued targeted investment in innovation that matters to Australian consumers.
“The agreement with Tic:Toc supports our strategy to offer customers more choice and intuitive digital experiences,” she said.
Ms Baker said the regional bank was committed to investing in new capabilities and would continue to partner with fintechs.
“By partnering with fintechs, we continue to set the bar for best-of-breed solutions and outcomes for our customers, making it easier for them to engage with our Bank and providing them with certainty more quickly in our fast-paced world.”
Tic:Toc’s chief executive and founder Anthony Baum said he created the platform to give Australians a better way to get their home loans.
“We’re excited Bendigo and Adelaide Bank is embracing this innovation to improve the customer experience when it can be done digitally and conveniently for more home owners and home buyers.
“Offering our technology platform as a service for Bendigo and Adelaide Bank is our first enterprise partnership that will benefit from our automated assessment and approval technology,” said Mr Baum.