Bendigo Bank brings another aggregator onboard

"Bendigo’s strong and trusted brand recognition, and range of products, will further strengthen our lender panel and enable brokers to provide their clients with even more choice and support,” said David McQueen, LMG group executive for strategic partnerships.

Adelaide Bank has officially retired, making way for Bendigo Bank Broker, the bank’s flagship offering for the broker channel.

CEO at Finsure Group, Simon Bednar, was the first aggregator to trial the new platform.

“As the first aggregator to come on board in November last year, it was great to be able to share our learnings with the bank to ensure the platform and processes were exactly what brokers wanted,” Bednar said.

Another aggregator, outsource Financial came on board in April and is excited to roll out Bendigo Bank to their brokers.

“The onboarding process of Bendigo Bank has delivered a positive first impression for our brokers. The communication and approach that was delivered clearly proved that their expertise and dedication to ensuring a streamlined process was met,” said CEO of Outsource Financial, Tanya Sale.

“This partnership will undoubtedly benefit our brokers which also will then benefit their clients having further access to high-quality lending options.”

Bendigo Bank Broker has taken a “digital by design, human when it matters” approach to its broker lending with the establishment of a new lending platform.

“Customers onboarded via the platform now have more choices with a new simple and flexible home loan offering and access to the full range of Bendigo Bank products, services, and support, with seamless onboarding experience and improved e-banking facilities,” said Bendigo Bank.

Currently nine aggregators are offering Bendigo Bank products. Darren Kasehagen,
general manager, third-party banking, said Bendigo Bank Broker was going strong.

“We are very encouraged by what we have seen since the trial began, with the number of applications exceeding our expectations since launch in late 2023, with the majority of applications receiving conditional approval in minutes,” said Kasehagen.

“The team behind the scenes here at Bendigo Bank have done a remarkable job with onboarding these aggregators in just nine months and we’re excited to offer our third-party customers a full suite of Bendigo Bank products.

“Bendigo Bank Broker is for brokers who want better. We combine strong business relationships and enhanced digital processes to deliver a broker focused, service driven platform for brokers across the country. We’re committed to being there for our brokers – so they can be there for their customers.”

Jack Campbell is the editor of Broker Daily. After graduating from the University of Wollongong in 2022, Jack began his journalistic career working on Broker Daily’s sister brand, HR Leader. In August 2023 he was made the news editor and worked alongside some talented journalists writing articles and recording podcasts.

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