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Invoice discounting for alternative lenders

Netbank provides joint control accounts, which allow Fintech to manage the funds in accounts held in the name of their clients. This is particularly useful for alternative lenders who provide invoice discounting services. Accounts can be held in the name of the borrower, but controlled by the lender, so reducing the risk of fund diversion.

Joint control accounts are also useful for other purposes, such as managing investment funds, trade finance, escrow arrangements, etc.

Netbank is already providing this type of account for invoice discounting alternative lenders, such as Investree. You can read about this partnership 
here.
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