I reckon you might be onto something. I’ve been pondering something similar. What have we got tied up in the Big4 ... something north of $340 B? Looking forward a couple of years when Open Banking is in full operation, fledging neobanks have found their feet and Aus catches up to the rest of the world re AML and anti Terrorism stuff how much of that $340 has migrated elsewhere? I think the banking environment will look a whole lot different.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held