DayTek Capital reports that it is on track to launch “Infinity” within the first 6 months of 2020. Infinity seeks to become the first “product-disruptive bank in Australia.” The Inifinity bank licence application is said to be days away from submission.
The support of Hanks will strengthen DayTek Capital’s commitment to “provide a real alternative to the traditional banking model. Atom Bank was one of the first banks to go through the UK’s new bank approval process. Hanks was responsible for the technical and business architectures of the bank, taking the design from its inception through to operational launch.
Beyond Atom Bank, Hanks has previously held a series of financial service positions, including, interim CIO of Fiserv Agiliti, lead design architect for the front-office separation of Lloyds Banking Group to form TSB, Director within the FSBU at Capgemini, and CTO at Beneficial Bank (now part of HSBC).
“I am extremely excited to be supporting DayTek Capital and their mission to build Australia’s first “product-disruptive” bank, Infinity. Infinity will have a significant impact on banking sector going forward. What they are looking to achieve is not something I have witnessed in the banking sector before and will radically escalate what customers will expect from their banks going forward. I am excited to be working with Will Banks and the DayTek Capital team, to provide a truly disruptive and innovative bank into the Australian market.”
Will Banks, co-founder and CEO of DayTek Capital commented on Hanks participation in the forthcoming digital bank:
“With the combination of Paul’s experience and focus on innovation, we are delighted that someone of Paul’s calibre has joined DayTek Capital as a Technology Advisor. His track record speaks for itself and thus we are very much looking forward to working with Paul.”