Tagged: Volt

Digital Bank Volt Fails, Will Return Banking License

Volt, a high-profile digital bank operating in Australia, has taken the extraordinary measure of announcing it will close its business, and return its banking license to regulators. In a post on the digital bank’s website Volt announced: “Volt has made the difficult decision to close… Read More

Open Banking Fintech Volt Introduces “Ultrafast” Account Ownership Authentication

Open Banking Fintech Volt, a UK-based company powering the growth of real-time payments in the UK and Europe, is launching Verify, which is described as “an ultrafast bank account authentication service for online merchants and businesses.” As confirmed in the update, Volt is launching Verify… Read More

Open Banking Fintech Volt Introduces Transformer to Help Merchants Bypass High Interchange Fees

Open Banking Fintech Volt has introduced a product aimed at helping merchants save on excessive debit card (interchange) fees by encouraging shoppers “to seamlessly switch to an open banking payment AFTER choosing to pay with a debit card at the checkout.” After recognizing the banking… Read More

Open Banking Fintech Volt Continues Steady Growth with CRO Appointment

Volt, which claims to be the leading Open payments gateway, has recruited payments veteran Matt Komorowski as its Chief Revenue Officer . Matt joins Volt after nearly a decade with PayPal, where for the past three years he has “been leading the payments giant’s channel… Read More

Parpera, Railspay Introduce Embedded Finance Business Debit Card in Australia

Parpera, a money management platform for sole traders, freelancers, and startup founders, has launched Australia’s “first” embedded finance business experience “using a debit card linked directly to deposit accounts,” in partnership with Railspay (the Australian arm of Railsbank) and Volt. The Parpera Business Debit Mastercard… Read More

LatAm Fintech Volt Reveals that Pix Launch Allowed Clients to Access Major Latin American Markets

Volt, the open payments gateway, has reportedly appointed Nathan Marion as General Manager LATAM, in order to lead its strategic expansion in Latin America (LatAm). This follows the Fintech firm’s integration of Brazil’s instant payments system, Pix. Marion joins from e-commerce platform VTEX. There, in… Read More

Open Banking Could Become a Key Part of Brazilian Consumers’ Financial Lives: Report

Open Banking in Brazil marked its first anniversary on February 1, 2022 – and the South American nation is looking set to strengthen its position as a (maybe unlikely) open banking pioneer. The Brazilian reserve bank’s phased approach is considered to be a success, through… Read More

Volt Crosses the Atlantic to Operate in Brazil

European payments firm Volt has entered Brazil. Volt states that it has now integrated Brazil’s domestic instant payments network Pix – and established its physical presence in São Paulo. Volt states that it currently works with over 5000 banks in Europe on the PSD2 Open… Read More

Railsbank Partners with Douugh to Launch Fintech Super App

Railsbank (Railspay in Australia) and Douugh (ASX: DOU) have partnered to launch a “responsible financial super app.” The app is said to offer an embedded finance experience including bank accounts, payments, cards, money management, stock investing, crypto and more. The app will launch in Australia,… Read More

Digital Bank Volt and Australian Finance Group Introduce Personal Finance App and Loan Product

Australia’s first digital bank Volt and one of the nation’s largest mortgage aggregators Australian Finance Group Ltd (ASX:AFG) have introduced a personal finance app ‘Handl. by AFG’, and a white-label home loan product, ‘AFG Home Loans Sparc’, both “powered by Volt’s banking-as-a-service (BaaS) platform,” according… Read More

Australia’s Neobank Volt Partners Crypto Exchange BTC Markets to Streamline Digital Asset Investments

Australia’s neobank Volt has teamed up with virtual currency exchange BTC Markets (BTCM) in order to offer BTCM and its clients with improved speed, stability, and confidence when investing in crypto-assets, facilitated by Volt’s banking-as-a-service (BaaS) platform. The partnership will offer integrated banking capabilities to… Read More

Open Banking Challenge and Hackathon, Focused on Variable Recurring Payments, to Launch this Month

Major brands in the Open Banking space have unveiled a new challenge: The VRP Hackathon. It’s organized by Open Future World, Ozone and UK Finance and supported by Accenture, Mastercard, VOLT and Worldpay from FIS. Until now, Open Banking has mainly been focused on settling… Read More

Volt Execs Welcome Open Banking in Brazil

This week’s launch of Open Banking Excellence’s presence in Brazil could play a key role in the country’s emergence as an open banking stalwart, two executives from instant payments infrastructure provider Volt believe. CEO Tom Greenwood said Banco Central do Brazil has gone farther than… Read More

Australia’s Neobank Volt to Acquire Neo-lending Platform Australian Mortgage

Australia’s first neobank Volt has reportedly acquired neo-lending platform Australian Mortgage, enabling it to provide “fully-verified” approval times of less than 15 minutes on its new digital mortgage product. As mentioned in a release shared with CI: “This is a material improvement compared to many… Read More

London based Open Payments Fintech Volt Secures $23.5M via Series A led by EQT Ventures

London-headquartered Volt, an open payments gateway provider, has secured $23.5 million in capital through a Series A round that was led by EQT Ventures. Augmentum Fintech, Fuel Ventures, and angel investors including Adyen co-founder Robert Kraal and FIS non-executive director Gabriel de Montessus took part… Read More

Neobank Volt Announces Alliance with Australian Finance Group Ltd, Extends Series E Funding Round

Volt, an Australian digital banking service, has partnered with Australian Finance Group Ltd (ASX:AFG) – a large mortgage aggregator. The partnership with Volt is a significant sign of confidence for the emerging Fintech. Simultaneously, Volt has extended its Series E funding round. According to a… Read More

Open Banking: London based Volt, an Open Payments Gateway, Unveils New Cash Management Facility

Volt, an open payments gateway, revealed on Wednesday (April 28, 2021) that it has developed new cash management functionality. It offers merchants and payment service providers with full visibility of Open Banking payments made via the UK’s Faster Payments Service and the European SEPA Credit… Read More

Railsbank Expands into Australia in Partnership with Digital Bank Volt

Railsbank, a Banking as a Service (BaaS) platform, has expanded into Australia in partnership with digital bank Volt. Founded in 2016, Railsbank is based in the UK and offers APIs and apps for financial services firms to offer modern services. Volt is the first digital… Read More

Australian Neobank Volt to Further Slash Interest Rates on its Savings Account, Other Digital Banking Challengers Also Making Cuts

Australian neobank Volt has confirmed that it’s planning to reduce the total interest rate on its Save account. The bank will slash the current rate by 20 basis points, so it will be lowered from the current 1.45% p.a. to 1.25% p.a. This new rate… Read More

Australian Neobank Volt Announces Partnership With Global Retailer Cotton On Group

Australian neobanking group Volt announced on Monday its new partnership global retailer, the Cotton On Group, introduce team members and customers to the Volt experience. Volt claims this is the first partnership of this type between a neobank and major retailer in Australia. Volt also… Read More

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