AFG to invest $15m in neobank
Australian Finance Group (AFG) has partnered with fintech Volt Bank (Volt) to form a strategic alliance and is investing $15 million into the company. The alliance will leverage Volt’s Banking as a Service (BaaS) offering, by providing digital white labelled mortgage products to AFG’s network of more than 2,975 brokers.
AFG turns to Volt to power its own mortgages, finance management app
Australian Finance Group has taken an 8 per cent equity stake in Volt Bank and will use it to push a “white label” mortgage offering that will compete with other lenders offered by AFG’s mortgage brokers.
AFG tips in $15m as part of Volt alliance
Digital bank Volt has secured a strategic partnership with AFG, as it plots a 2022 float and corporate stalwart Graham Bradley takes the reins as chairman.
Banks surge on responsible lending wind-back
The Morrison government's pledge to roll back responsible lending regulations and red tape sparked a monster rally in bank shares on Friday as major institutions, fintech challengers and mortgage brokers united to welcome the landmark reforms.
Suddenly, fintechs are swamped with demand for white-label solutions
Volt Bank on Tuesday announced it was pivoting to offering more white-label solutions, partnering with Microsoft and LAB3 to create a next-generation “banking as a service” platform that allows white-label banking.
Microsoft and Lab3 agreed to partner with Australian neobank Volt for its Banking as a Service play
The Australian neobank, tech giant, and cloud-based technology provider will jointly develop a Banking as a Service (BaaS) platform dubbed Volt 2.0.
Volt partners with Microsoft to usher in a new era of Banking-as-a-Service
Aussie neobank Volt has announced a strategic partnership with Microsoft and tech provider LAB3, to develop its Banking-as-a-Service platform, which Volt founder and chief Steve Weston believes will usher in a new age of banking for business.