volt bank - News, Articles & Research

Australian neobank Volt goes to the wall

Australia's first fully-licenced neobank Volt is to shut down - giving customers barely a week to withdraw their deposits - after failing to pick up sufficient funding to support the business as a going concern.

29 June 2022

Company announcement/payments

Parpera debuts business debit card

Parpera, a money management platform for sole traders, freelancers, and startup founders, has launched Australia's first embedded finance business experience using a debit card linked directly to deposit accounts, in partnership with Railspay (the Australian arm of Railsbank) and Volt.

15 March 2022

News/retail

Volt ships white-labelled BaaS app

Australian neobank Volt has joined with Open Banking intermediary Frollo to jointly build and launch a new white-labelled banking-as-a-service (BaaS) app that is fully integrated with its core banking system.

15 November 2021

News

Regulation and anti-competitive behaviour hitting Australian fintech

Australian fintechs have called on the Government and regulatory bodies to bring in new laws to crack down on incumbent banks, who are accused of engaging in anti-competitive practices to inhibit competition in financial services provision.

28 January 2020

News/retail

Aussie challenger Volt starts onboarding customers

Volt, the first neobank to receive an unrestricted authorised deposit-taking institution (ADI) licence from the Australian Prudential Regulation Authority (APRA) has begun onboarding some of the 40,000 in its waitlist.

16 December 2019

News

Volt Bank contracts with FIS

Volt Bank, the first of a wave of new digital challengers to be granted a full banking licence in Autralia, is putting the finishing touches to its technology stack, contracting with FIS for a raft of mobile, card processing, risk and treasury management software.

24 July 2019

News

Australia's Volt Bank wins banking licence

Australia's Volt Bank has become the first of a rash of putative digital challengers to win a fully-fledged banking licence, paving the way for a full-scale commercial launch later this year.

22 January 2019

Company announcement

Verrency signs long-term innovation services deal with volt bank

Australian global payments innovation provider Verrency has signed a significant long-term deal with volt bank, Australia’s first independent 100% digital bank.

20 June 2018

News

Australia's Volt to run digital bank in the cloud

Australian neo bank Volt is to build its branchless digital banking platform in the cloud, using a software-as-a-service package from Swiss core banking vendor Temenos.

22 May 2018

News

Oz digital challenger volt gets licence

Australia is about to get a digital-only bank, after authorities granted a new type of licence to volt, a startup co-founded by former NAB and Barclays exec Steve Weston.

09 May 2018