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Neobank Volt on the charge for $30b of mortgages

The challenger bank is poised to roll out its banking-as-a-service strategy. Chairman Graham Bradley says it can capture $30 billion of mortgages.

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When Graham Bradley last month staked his reputation on the success of the neobank Volt, he attached his name to a banking business model that has been tried before and failed.

In joining Volt as chairman, Bradley, who used to be chairman of HSBC Australia, made himself the face of a challenging capital-raising program that will seek to attract about $600 million in regulatory capital by the end of 2022.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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    Original URL: https://www.afr.com/chanticleer/neobank-volt-on-the-charge-for-30b-of-mortgages-20210714-p589op