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Opinion: Volt’s demise is sad, but it’s not a loss for FinTech

Startup Daily LogoStartup Daily1 mo ago

Opinion: Volt’s demise is sad, but it’s not a loss for FinTech

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The news that Volt Bank, the last of the three true Australian neobanks to secure a banking licence, is shutting down sent waves through the banking and fintech community this week.

It is the second neobank to return deposits and surrender its banking license after the high profile collapse of Xinja, as well as the...

Steve Weston is an impressive operator and I have no doubt that those 140 people have learned a great deal during their time at Volt.


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Article Details

Author / Journalist: Simone Joyce

Category: Startups

Topics: Analysis Fintech Fintech Volt

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 08:01:28

News Timezone: GMT +10:00

News Source URL: startupdaily.net

Language: English

Reading Time: 5 minutes read

Article Length: 828 words

Coverage Area: Australia

Availability: Desktop Web, Mobile Web

News ID: 22488

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Official Website: startupdaily.net

Update Frequency: 2 posts per day

Year Established: 2012

Headquarters: Australia

News Last Updated: 17h ago

Coverage Areas: Australia

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Publication Timezone: GMT +10:00

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