Tata Consultancy Services (TCS) has entered into partnership with Volt, Australia's first neobank, to power Volt 2.0, 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.
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.