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a bank won't wanna perma commit to buy a liability that loses...

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schmoove

1,686 Posts.

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22/04/22

01:03

Post #: 60958166
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Originally posted by sideshow1: ↑

I thought BoA was a renewal also?

If you look up the BNZ 'My Business Live' product page its the white label offering we contracted - the business usercase in the product page appears to be a thriving business doing an independent google search (but who knows if they still use this product).

I guess my point is that around these MC levels would'nt just one of these banks buy it rather than pay the ongoing licensing fees (millions) and let the competitors know its becoming proprietary, or take over the contracts...

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a bank won't wanna perma commit to buy a liability that loses huge amounts every quarter.
see the numbers below
the BOA deal was amazing at the time, I remember it well

however under that announcement a very good post from @Sharetrader78
https://hotcopper.com.au/posts/40170538/single

looking back we were so starry eyed with the BOA deal
I know I was
but now it's nearly game over - sad times

Last edited by schmoove: 22/04/22

9SP Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
7 Upvote

2 Great analysis

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