Microsoft today announced a strategic partnership with neobank Volt to develop “Volt 2.0” – a next-generation Banking as a Service platform.
Volt Bank has integrated IBM’s Safer Payments solution into its online banking platform to give clients a more seamless and secure banking experience.
Neobank Volt has had its public launch and IPO scuttled by Australia’s shutdown, but CEO Steve Weston says the future is ‘far brighter’ because of it
Volt had been readying itself to the public, looking to close a major offshore funding round and launch itself on the sharemarket all in the same 12 months.
Volt’s CEO noted that major banks make decisions that are “data-based” and that mainstream lenders will need to learn new skills in order to assess risk.
Neobank Volt is partnering with Australia’s largest global retailer, the Cotton On Group, to introduce team members and customers to the Volt experience.
Australia’s first neobank Volt Bank, closed a $70m Series C equity funding round, which was oversubscribed by $10m beyond the original target of $60m.
Neobank Volt begins onboarding 40,000-strong waitlist, announces market-leading ‘no catches’ interest rate
Volt Bank has begun onboarding sections of its 40,000-strong waitlist and is announcing a ‘no catches’ ongoing base interest rate of 2.15% on savings.