Volt gets full banking licence
The Australian Prudential Regulation Authority (APRA) has today granted ‘challenger bank’ Volt a licence to operate as an authorised deposit-taking institution (ADI).
The Australian Prudential Regulation Authority (APRA) has today granted ‘challenger bank’ Volt a licence to operate as an authorised deposit-taking institution (ADI).
Beem It – the venture behind an app which allows people to make instant, peer-to-peer payments without the need for a BSB number or account details – has appointed its first chief executive officer.
ASX Limited, which operates the Australian Securities Exchange, has pushed back the start date of its blockchain-based CHESS replacement, in response to stakeholder concerns.
Commonwealth Bank’s network of 1000 physical branches and its Australia-based call centre staff will “remain very relevant” in the future despite customers growing use of digital channels, the bank’s CEO Matt Comyn said today.
The findings of the banking royal commission against AMP have heightened the appetite within the company for artificial intelligence and machine learning, says its chief technology officer Chris Bell.
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