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VOLT PARTNERS WITH 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 .
Steve Weston , Founder and CEO , Volt
Set to launch in 2021 , Volt 2.0 will leverage TCS BaNCS , a global payments solution , to expand the bank ' s offerings to include Australia ’ s New Payments Platform ( NPP ), BPAY electronic bill payment system , and Direct Entry via the Australian Payments Network , enabling full-service banking capabilities for all its customers . Volt will work closely with TCS to incorporate the real-time capabilities of TCS BaNCS for payments , along with API-based access to open banking components that are not dependent on traditional legacy structures . The endto-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 .
“ Volt ’ s unique platform technology places it at the forefront of Australian banks , and positions us well for incredible growth into the future ,” said Steve Weston , Founder and CEO , Volt . “ Operating in a highly regulated industry and the goal of becoming a market leader has led Volt to partner
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