Volt partners TCS to expand payment offerings

Volt, Australia’s first neobank, has partnered with TCS to power Volt 2.0, its next-generation Banking as a Service (BaaS) platform.

Set to launch in 2021, Volt 2.0 will leverage TCS BaNCS, a global payments solution, to expand the bank’s offerings to include NPP, BPAY and DE, enabling full-service banking capabilities for all its customers. The end-to-end solution provides full back-end support, the flexibility to integrate leading technologies, and connect with an extended ecosystem to offer innovative new products and services.

Steve Weston, Founder and CEO, Volt said, “Operating in a highly regulated industry and the goal of becoming a market leader has led Volt to partner with exceptional global technology players like TCS whose commitment to continuing innovation will ensure Volt’s banking platform remains cutting-edge.”

“In this digital age, consumer expectations have soared, yet many banks are held back from innovation by lack of speed from legacy systems. TCS BaNCS is a cloud based solution for Australian banks seeking to collaborate with a range of partners and fintechs, to launch innovative products and deliver a superior customer experience,” said Vikram Singh, Country Head, TCS Australia and New Zealand.

“TCS is thrilled to be working with Volt to launch its next-generation payments digital banking platform Volt 2.0. Our deep knowledge and experience with payments technology will enable us to support Volt with a full-service, end- to-end solution leveraging TCS BaNCS,” added Singh.

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