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 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.
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