MyState launches new banking platform with Backbase

Through the Backbase Engagement Banking Platform, MyState’s range of personal digital banking capabilities is supported, including personal finance management (PFM), payments, embedded threat and fraud protection, and limits or notifications capabilities across all channels. According to Backbase’s officials, the company aims to assist MyState’s growth objectives via its platform and its features. By partnering with Backbase and utilising its technology, the bank intends to solidify its position and respond to the rapidly evolving needs of banking customers in Tasmania, while targeting development on the east coast of Australia.

Furthermore, Backbase underlined that, since the beginning of the company and MyState’s partnership, the two organisations have been focusing on facilitating a collaborate-to-win mindset. With the bank’s support, Backbase is set to further expand its operations and advance its development strategy across Australia. At the same time, Backbase’s representatives mentioned that, to date, nearly 250 production releases have taken place in the lead-up to the launch. The two organisations concluded that the bank currently holds the technology and machinery to continue its mission and deliver optimised services to its customers while increasing its capabilities.