Will Banks was the first ever migrant from Europe, and first globally in the fintech sector, to be granted a visa through the Department of Home Affairs Global Talent Visa Program – and he was granted his permanent residency in just 3 weeks!
With a high-profile and illustrious background in banking and entrepreneurship in the UK, Mr Banks is now the founder of Queensland based neo bank ‘Infinity’. Through his company ‘Daytek Capital’ Will Banks and his team are building the first ever ‘product disruptive bank’ in Australia, with a range of innovative and digitally advanced banking products which will redefine how banking is done in Queensland, and across the country.
Some examples of innovative products and customer incentives include reward based rate discounts to existing customers with improved credit scores, and a range of future focused financial products such as ‘Delay Pay’ – a fully integrated Buy-Now-Pay-Later service.
Since Mr Banks was granted his permanent residency, he has swiftly integrated into the Queensland business community establishing business premises at Queensland University of Technology (QUT) and agreeing to a position of Executive Advisor at QUT, mentoring Executive MBA students. He has also accepted a position of Expert in Residence – Department of Business Strategy and Innovation at Griffith University.
The Global Talent Visa Program, also known as the Global Talent Independent Program, is a streamlined visa pathway for highly skilled professionals such as Will Banks to work and live permanently in Australia.
This program targets the brightest and best global talent to work in seven future-focused sectors including fintech, and has been designed to help grow Australia’s innovation and tech economies. This program is aimed at creating opportunities for Australians by transferring skills, promoting innovation and creating jobs.
The advantages of the program is the fast processing times direct to permanent residency, no age restriction, and the freedom to settle anywhere in Australia. The program compliments the Queensland State Nominated Business Innovation and Investment Program (BIIP), especially in the circumstance where a successful self-made entrepreneur is over the age of 55 years.
The Global Talent Visa Program, alongside the Business Innovation and Investment Program, will be flagship programs which will stimulate the post COVID economic recovery through new innovative businesses and provide significant employment opportunities for Queenslanders in the coming years.
A further initiative under a Global Business and Talent Attraction Taskforce has also just been announced by the Department of Home Affairs to complement the above programs to create jobs by attracting business and talent to Australia.