The Unicorns Podcast connects you to some of the best and brightest founders, CEOs, executives, business owners, innovators, entrepreneurs and inspiring leaders who make things happen and inspire others.

Host Justin Kelly, former broadcast journalist and PR veteran, chats with leaders from across Australia and internationally on business strategy; what it takes to build a successful company; how to overcome challenges, and advice for those on a similar journey.

In this episode, Justin interviews Peita Piper, CEO of Avenue Bank, Australia’s newest bank. Avenue is a specialist bank focused on revolutionising the under-serviced multi-billion-dollar bank guarantee market.

Avenue was last month granted a full licence to operate as an Authorised Deposit Taking Institution (ADI) by the Australian Prudential Regulation Authority (APRA).

The digital bank will initially focus on alleviating a significant pain point for businesses: the arduous process of securing bank guarantees for landlords.

Current bank guarantee procedures are onerous, predominantly paper-centric, and can take up to two months while Avenue’s digitally enabled guarantee has a turnaround time of as little as one day.

Avenue research shows that 29 per cent of businesses have had to defer an office move and a further 46 per cent have had their moves disrupted because of the process of obtaining a bank guarantee.

Avenue aims to reinvent the bank guarantee process, providing fast, fair, and fuss-free service to Australian businesses.

 

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