DayTek Capital: Granted licence for new Oz challenger Infinity
- DayTek Capital, an Australian firm building a new digital bank, has been granted an Australian Financial Services Licence
- With a base in Queensland, the new bank Infinity joins a host of Australian challenger brands including Xinja, 86 400 and Volt Bank
- Initially starting with a prepaid card, DayTek Capital already working towards its Restricted Authorised Deposit-Taking Institution Licence
- Being granted this licence an incredible achievement, especially during a time where licences are difficult to come by
- Will Banks, co-founder and CEO says the bank aims to support the financial wellbeing of consumer and SME clients
- An AI market place also offered where SME and retail customers can interact with each other
