DayTek Capital, which is in the process of building a neobank, ‘Infinity’, is set to use these unrivalled resources, alongside access to a cross-functional team of fintech experts at Visa through the Fintech Fast Track program, to bring its revolutionary neobank to market. Underpinned by state-of-the-art technology, Infinity will offer advanced analytical and artificial intelligence capabilities to assist consumers in developing their financial profile. It aims to provide a competitive offering through alternative and unique banking products tailored to their customers’ financial situation and interests.

“We are delighted to partner with Visa as we build Australia’s first ‘product-disruptive’ bank,” said Krish Gosai, Co-Founder and Chief Commercial Officer at DayTek Capital. “Visa is a global leader in payments and is continuing to invest in advanced technology developments to adapt to the fast-changing financial landscape. Through this collaboration, Infinity will not only bear the Visa logo on our cards but will be leveraging Visa’s new and innovative solutions across our unique product offerings and technology stack.”

“As the trend towards digital continues to accelerate, fintechs are embracing technology to redefine and enhance the way we pay, manage and invest our money,” said Anthony Jones, Visa’s Head of Innovation and Partnerships for Australia, New Zealand and South Pacific.

“With their continuous focus on technology and customer experience, we’re excited to partner with DayTek Capital through Visa Fintech Fast Track, a program enabling nimble fintechs to refine their payment products, and scale more quickly,” Mr Jones said.