APRA Grants Authorized Deposit-Taking Institution License to Volt Bank
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.
Related Links
- Media Release
- APRA Authorization (PDF)
- Register of ADIs
- Restricted ADI Licensing Framework, May 2018
Keywords: Asia Pacific, Australia, Banking, Regtech, Fintech, Digital Bank, Volt Bank, APRA
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