Whilst your point 1) is correct, it is irrelevant for Judo. They are not an online bank, they have a relationship model. Secondly, they are the only start up bank that has been successful as they actually raised capital for lending first, rather than developing a digital front-end and thinking that would be enough for deposits / capital to come...
With scale they will build / strengthen their systems and tech which is pretty clear in their strategy as they look to drive down CTI
Judo Bank Monthly Data, page-8
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Last
$1.65 |
Change
-0.025(1.50%) |
Mkt cap ! $1.824B | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.66 | $1.61 | $2.333M | 1.420M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6711 | $1.65 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 3750 | 1 |
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| JDO (ASX) Chart |