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Volt Bank
Volt Bank was an Australian consumer neobank, the first such bank to be issued with a restricted ADI licence by APRA. In June 2022, the bank announced it would permanently close its deposit-taking business and voluntarily return its banking licence, citing funding issues. Headquartered in Sydney, Australia, the bank was founded in 2017 and was granted a full licence to operate as an authorised deposit-taking institution (ADI) on 21 January 2019. Volt used BSB 517000. Business Volt’s banking platform is located in the cloud using the Temenos T24 core banking, Financial Crime Mitigation and Analytics, Salesforce and Microsoft Azure. Volt Bank also has industry partnerships with PayPal, Cotton On and Collection House. The bank publishes a mobile app, Volt Labs App, through which customers hold discussions and give feedback on the bank's products and services. The bank is planning to begin serving small businesses in 2020. History The banking regulator, APRA, created the re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unlisted Public Company
An unlisted public company is a public company that is not listed on any stock exchange. Though the criteria vary somewhat between jurisdictions, a public company is a company that is registered as such and generally has a minimum share capital and a minimum number of shareholders. Each stock exchange has its own listing requirements which a company (or other entity) wishing to be listed must meet. Besides not qualifying to be listed, a public company may choose not to be listed on a stock exchange for a number of reasons, including because it is too small to qualify for a stock exchange listing, does not seek public investors, Company Planners, accessed 6 October 2010 or there are too few shareholders for a listing. There is a cost to the listed entities, in the listing process and on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |