Coming soon to a device near you.
Revolutionise the banking experienceSpend tracking, budgeting and money managements tools plus much more.
Reduce cost of lendingHome loan, personal loan and business loan interest rate reductions.
Simple bankingNo hidden bank fees and eliminate costly international transaction costs.
Transform International TransactionsLow-cost fast global payment and transaction solutions.
Bit-e is being created for the everyday Australian who wants a customer-centric alternative to the traditional banks.
Bit-e was conceived to address numerous challenges and inefficiencies within the banking industry. Some of these challenges and inefficiencies include:
What are the causes of these costs?
Cost of Branches
Branches represent approximately 15% of a bank's expenses. An average branch costs $400,000 per annum. With no costly branch network, Bit-e can minimise its overhead costs and pass these savings on to customers. Additionally, Bit-e will provide new innovative customer-centric interaction methods.
Legacy & IT Costs
Legacy systems and IT inefficiencies costs Australian banks billions of $$ per year. Inadequate communication between systems require the need for preventable and costly manual inputs. Bit-e is positioned to cut a substantial percent of a traditional banks’ IT costs. Additionally, Bit-e’s technologies intends to limit all future integration challenges.
Where does the customer get stung?
Why are banks not adept with tech?
Inefficiency of technology systems
These inefficiencies are caused by a lack of interactability between systems and processes. Avoidable manual inputs are required to compensate for the absence of interactability. These lack of efficiencies leads to excessive costs and delays on many simply banking requests. Bit-e aims to raise the bar for customer standards. Our systems are designed to limit all avoidable inefficiencies.
Please Note: Bit-e is not yet a bank: however, we are taking the steps to attain our Australian Banking Licence.
Additionally, we are working with regulators to ensure compliance of all proposed products.
Organisations that can cater to customers’ needs will lead the industry into the future of banking.
The highest voted desires include:
Rewards for my business
Responsive customer support
Analyse my spending and help me budget
Cheaper home, car or business loan
Low-cost International Payments
24x7 access through multiple devices