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Volt is a digital-only bank that has been granted a restricted authorized deposit-taking institution (Radi) license by the Australian Prudential Regulation Authority. It is building a cloud-based branchless digital banking platform to offer financial products to its clients.
The digitla bank will initially be offering savings and transaction accounts, term deposits and foreign exchang and then move to personal loans, mortgages and credit cards once it has obained a full license.
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