Steve Aliferis

8th March, 2023

Steve Aliferis is the Co-Founder and Executive Chair of Gped. He is responsible for leading capital raising, mergers and acquisitions opportunities and global go to market strategies. Steve is a Banking and Payments Executive with over 30 years of experience. Prior to founding Gped, he was President of Verifone’s Asia Pacific region and a member of the Executive Committee based in Singapore. Steve was responsible for leveraging relationships with some of the world’s largest banks and acquirers, aligning global product solutions and transaction services and driving new revenue opportunities for clients in the region. With over 30 years of experience in the banking and payment industries, Steve has held senior executive management positions with Commonwealth Bank of Australia, National Australia Bank, and Westpac group. He also served as a member of the Australian Payments Clearing Association (APCA) board, Eftpos Australia Board and China Union Pay Advisory Board. Steve is a proven leader, business builder with extensive experience managing high-performing teams. Steve has a strategic vision for the future of embedded/ borderless banking & Payments to ensure that new banking and payment solutions are more accessible across markets and customer segments.

What's a
Restricted ADI?

International Bank of Australia is authorised by the Australian Prudential Regulation Authority (APRA) to operate under a Restricted Authorised Deposit-taking Institution licence until 2nd November 2024. Under this authority International Bank of Australia has restrictions on the amount of deposits it can take. Under this restricted licence International Bank of Australia is not required to meet the full ADI prudential framework and will not be offering banking products to the general public.

International Bank of Australia has put in place arrangements to protect customers in the event it is required by APRA to discontinue banking business and exits the banking industry. This includes:

- International Bank of Australia being required by APRA to contact customers to advise how they are impacted, e.g. deposits may be returned or transferred to another bank;
- the Banking Act 1959 provisions for the protection of depositors apply to International Bank of Australia; and
- International Bank of Australia is covered by the Australian Government Financial Claims Scheme (FCS). The FCS applies only to protected accounts. It is important customers check the terms and conditions of their specific product to determine if it is protected under the FCS.

You can read more about how banks are licensed on this page on the APRA website:
Licensing guidelines for authorised deposit-taking institutions | APRA
Please reach out to us if you have further questions.  You can use the ‘Contact Us’ form to ask us any questions you have.

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