APRA Grants Authorized Deposit-Taking Institution License to Volt Bank

By Regulatory News

January 22, 2019

APRA granted volt bank Limited a licence to operate as an authorized deposit-taking institution (ADI) without restrictions under the Banking Act 1959. volt bank Limited was previously licensed by APRA in May 2018 as a Restricted ADI. volt bank is being reported as the first digital bank to receive full banking license in Australia.

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Keywords: Asia Pacific, Australia, Banking, Regtech, Fintech, Digital Bank, Volt Bank, APRA

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