JOUST

Before Joust, if you were in the market for a home loan or wanted to refinance, it was up to you to do the research then negotiate with banks or a mortgage broker, in the hope of navigating your way to their ‘best’ rate.

But in 2015, Mark Bevan (CBA, Westpac) and Richard Hockney (NAB, Westpac), both highly experienced bankers, formed Joust because they believed in a better way. They saw an opportunity to create an auction model that optimised competitive tension to get low rates for home loan customers on one hand, while presenting qualified mortgage customers to the banks on the other. It just made good financial sense.

In the same year, another FinTech company – LoanDolphin – began with Rod Dutra (St George, Westpac) and Ranin Mendis (Westpac, BT) creating a similar product offering to Joust, where customers input their details and received bids from lenders and brokers. After meeting at a Sydney FinTech hub, the founders from both companies recognised the value of a merger to drive scale and value for Australian home loan customers.

Joust is now led by CEO Carl Hammerschmidt who has 20 years’ experience leading digital transformation, growth and strategy for media businesses such as SBS, Nine and Bauer, as well as State Government. His vision and expertise enables Joust’s combination of technology, data, and people to deliver exciting new opportunities and innovations to the Australian home loan market.