Branchless digital bank Volt Bank has closed a $70 million Series C equity funding round, which was oversubscribed by $10 million beyond the original target of $60 million.
Branchless digital bank Volt Bank says it has started “onboarding” a selection of early-adopter customers from its 40,000 waitlist, while announcing a ‘no catches’ ongoing base interest rate of 2.15 per cent on savings, ahead of a public launch planned for early 2020.
Digital banking firm Volt Bank has chosen technology and services from US global financial services technology provider FIS to power its mobile and card payment services.
The era of open banking in Australia will be eased in from Monday, and will force major banks to surrender their hold on customers' banking data to the customers themselves, the deputy chief executive of the branchless digital outfit, Volt Bank, says.
Digital banking firm Volt Bank says its customers who use the wealth management platform Spitfire will be able to view and trade all their assets in a single portal.
Digital banking firm Volt Bank has been granted an Authorised Deposit-Taking Institution licence by the Australia Prudential Regulation Authority, becoming the first retail challenger bank to obtain this licence.
Digital banking outfit Volt Bank has gone live on Swiss banking software provider Temenos' cloud, using the company's T24 core banking, financial crime mitigation and analytics.
Swiss banking software provider Temenos has appointed industry veteran Craig Bennett as the head of sales in the Asia-Pacific region, giving him the task of increasing the company's market share in emerging and established economies.
The Australian Prudential Regulation Authority has granted a restricted authorised deposit-taking institution licence to volt bank limited, a digital bank that plans to initially offer a few services.
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