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.
A new digital bank with the name 86 400 is being set up in Australia and it is pitched by its founders as a potential “genuine alternative” to the big four banks.
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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