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TCS partners with Australia's first neobank, Volt

Capital Market 

Tata Consultancy Services announced that Volt, Australia's first neobank, has partnered with TCS to power Volt 2.0, its next-generation Banking as a Service (BaaS) platform.

Set to launch in 2021, Volt 2.0 will leverage TCS BaNCS, a global payments solution, to expand the bank's offerings to include NPP, BPAY and DE, enabling full-service banking capabilities for all its customers.

Volt will work closely with TCS to incorporate the real-time capabilities of TCS BaNCS for payments, along with API-based access to open banking components that are not dependent on traditional legacy structures. The end-to-end solution provides full back-end support, the flexibility to integrate leading technologies, and connect with an extended ecosystem to offer innovative new products and services.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, October 26 2020. 12:16 IST
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