India’s Tata Consultancy Services Partners Australian Neobank Volt
Tata Consultancy Services (TCS), an Indian multinational IT services and consulting firm based in Mumbai, has reportedly partnered with Australian neobank Volt. Both companies will work together to power Volt 2.0, which is the digital bank’s new Banking as a Service (BaaS) platform.
Volt 2.0 is expected to go live next year. It will aim to leverage TCS BaNCS, which is a global payments platform. Volt’s management noted that they’re planning to expand the bank’s line of products and services so that they can offer full-service banking capabilities to all of their clients.