Australian neo bank Volt switches on Temenos core

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Australian neo bank Volt switches on Temenos core

This could allow Volt Bank to accelerate the deployment from the full-range of revolutionary feature-wealthy customer and company banking goods and tools that induce a a lot much better and a lot simpler technique for clients to look after their money. The agility,Network Management Software scalability and safety in the Temenos software program operating about the Temenos Cloud combined with Temenos Australian Model Bank method supplied pre-configured country-specific functionality that enabled Volt Bank to rapidly go accept a total web banking method.

Whilst utilizing newest cloud technologies from Temenos and Microsoft Azure, Volt Bank is now accelerate the way in which banking software program applications are constructed and visit exploit the advantages of contemporary cloud environments. By getting an API-driven architecture for easy plug and play integration, Volt Bank is ready to advantage in the brand new open banking regulation going to Australia in 2019.

In Might 2018, the Australian Prudential Regulation Authority (APRA) granted Volt Bank the extremely initial restricted authorized deposit-taking institution (RADI) licence about australia. Because that time, Temenos labored cautiously with Volt Bank to help it meet its obligations below Australian guidelines. Leveraging Temenos international experience and 25 encounter in supplying integrated, scalable packaged software program, Volt Bank successfully met all milestones in the project and is continuously around the progress towards acquiring an authorized deposit-taking institution (ADI) banking licence.

Steve Weston, Chief executive officer at Volt Bank, stated: Temenos is not just a vendor, but in addition a dependable and supportive companion. They've labored about via each requirement additionally to supplying the testing and assistance required to create a strong purpose for future. By creating use of Temenos Australian Model Bank and Temenos Cloud, we could quickly deploy a cutting-edge, feature-wealthy digital banking answer. Now we're in a position to much more quickly attain our objective of creating individuals very best and alter the way in which Australians bank. We chose Temenos because of their confirmed understanding of banking systems. Now that we're accept Temenos technologies, we're in a position to focus on innovations to increase consumer encounter, and provide worth.

Martin Frick, Md for APAC at Temenos, stated: I am delighted we've had the capability to go reside and comprehend worth with Volt Bank so quickly. We share a common vision to simplify the complexness of banking and make seamless digital consumer encounters. By mixing our Australian Model Bank functionality utilizing the most recent cloud technologies, we could rapidly deploy a next-gen banking answer for Volt Bank which will let the bank to supply revolutionary encounters that challenge the established order. We're excited via the momentum we've inside the Australian marketplace as soon as we think there exists a distinctive proposition that offers banks the quickest minimizing danger path to frictionless omni-funnel digital banking.