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December 21, 2018

Australia’s Volt Bank deploys Temenos platform

Volt Bank, an Australian digital bank, has gone live on Temenos’ cloud by implementing T24 Core Banking, Financial Crime Mitigation and Analytics.

The vendor said that its cloud platform offered the digital lender pre-configured country-specific functionality. The capability enables the bank to deploy a full online banking system quickly, Temenos said.

Temenos managing director for APAC Martin Frick said: “By combining our Australian Model Bank functionality with the latest cloud technology, we were able to rapidly deploy a next generation banking solution for Volt Bank which will enable the bank to deliver innovative experiences that challenge the status quo.”

According to the vendor, its technology will enable the bank to speed up the implementation of various consumer and business banking offerings.

Volt Bank CEO Steve Weston said: “By tapping into Temenos’ Australian Model Bank and Temenos Cloud, we were able to quickly deploy a cutting-edge, feature-rich digital banking solution.

“Now we can more quickly achieve our goal of making people better off and change the way Australians bank. We chose Temenos because of their proven expertise in banking systems.”

Volt secured a restricted banking licence from the Australian Prudential Regulation Authority in May this year.

In the same month, the bank tapped Temenos to build its digital banking platform in the cloud.

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