Australian neo bank Volt switches on Temenos core

[freemexy]

Australian neo bank Volt switches on Temenos core

This can enable Volt Bank to accelerate the deployment of the full-range of innovative feature-wealthy consumer and business banking products and tools that induce a much better and much easier method for customers to take care of their cash. The agility,Routers scalability and security from the Temenos software running around the Temenos Cloud combined with Temenos Australian Model Bank approach provided pre-configured country-specific functionality that enabled Volt Bank to quickly go accept a complete internet banking system.

While using latest cloud technologies from Temenos and Microsoft Azure, Volt Bank is now accelerate the way in which banking software programs are built and go to exploit the benefits of modern cloud environments. By having an API-driven architecture for simple plug and play integration, Volt Bank is prepared to benefit from the brand new open banking regulation visiting Australia in 2019.

In May 2018, the Australian Prudential Regulation Authority (APRA) granted Volt Bank the very first restricted approved deposit-taking institution (RADI) licence around australia. Since that time, Temenos labored carefully with Volt Bank to assist it meet its obligations under Australian rules. Leveraging Temenos global expertise and 25 experience in supplying integrated, scalable packaged software, Volt Bank effectively met all milestones from the project and is constantly on the progress towards acquiring an approved deposit-taking institution (ADI) banking licence.

Steve Weston, Chief executive officer at Volt Bank, stated: Temenos isn't just a vendor, but additionally a reliable and supportive partner. They've labored around through every requirement in addition to supplying the testing and support needed to produce a solid reason for future. By making use of Temenos Australian Model Bank and Temenos Cloud, we could rapidly deploy a cutting-edge, feature-wealthy digital banking solution. Now we are able to more rapidly achieve our objective of making people best and alter the way in which Australians bank. We chose Temenos due to their proven knowledge of banking systems. Now that we're accept Temenos technology, we are able to concentrate on innovations to boost customer experience, and deliver value.

Martin Frick, Md for APAC at Temenos, stated: I am delighted we have had the ability to go live and understand value with Volt Bank so rapidly. We share a typical vision to simplify the complexness of banking and make seamless digital customer encounters. By mixing our Australian Model Bank functionality using the latest cloud technology, we could quickly deploy a next-gen banking solution for Volt Bank that will let the bank to provide innovative encounters that challenge the established order. We're excited through the momentum we've within the Australian market once we believe there exists a unique proposition that provides banks the quickest minimizing risk path to frictionless omni-funnel digital banking.