Luke Bunbury, Deputy CEO at Volt Bank

Australia-based Volt Bank has selected FIS in a bid to power its mobile and card payment services. The supplier states that FIS’ solution will provide the Bank with processing services for its credit card and mobile payments products as well as solutions for risk and compliance and treasury management.

“We are delighted to be working with Volt Bank and be part of its growth story,” said Raja Gopalakrishnan Executive Vice President – Banking & Payments, FIS. “As a digital bank, Volt Bank is well-positioned to meet growing consumer demand in Australia for innovative payment services.”

FIS’ technology will be incorporated into the Bank’s overall technology platform and thereby provide the bank with a cost-effective and scalable platform.

Luke Bunbury, Deputy CEO at Volt Bank, said, “Our mission from the start has been about building a bank that helps consumers live their lives to the fullest, by making them better off. Technology and technology partners are key to delivering on this. We have been working with FIS for several months to create a sophisticated cloud-based platform that brings innovative, consumer-focused payment products to market quickly, safely and efficiently. FIS has a long record of working with financial institutions across the world to digitise their payment operations, and we look forward to continuing to work with the team to create the kind of bank consumers want .”

by Megha Bhattacharya
Market Analyst at IBS Intelligence