FYI I was basing my assumption on the ASX blurb for Douugh....
"Douugh (ASXOU) is a capital lite, purpose-led consumer fintech and next-gen neobank leveraging a wholesale BaaS model, compared to becoming its own licenced ADI.
"https://www.listcorp.com/asx/dou/douugh-limited#news
Beyond the risk of managing a big balance sheet of multiple currencies in these uncertain times, there are a lot of transactional costs driven by regulatory compliance for ADIs. In this regard Douugh are able to introduce a savings and spending value proposition without the burden of securing and managing significant capital
FYI I was basing my assumption on the ASX blurb for...
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