Volt Bank: Gets licence to operate as ADI

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Volt Bank: Gets licence to operate as ADI

Volt Bank: Aussie fintech, gets a licence to operate as an authorised deposit-taking institution from APRA

  • Australian Prudential Regulation Authority gave a licence to operate without restrictions as an authorised deposit-taking institution(ADI)
  • Volt became the first digital startup in Australia to receive a banking licence since 2000
  • Finances as much as AU$250,000 deposited into Volt are assured by Australian Govt
  • Volt decided to implement Salesforce DMP so it could start to own its data
  • It implements Volt Labs to create awareness and connect with customers