Australian Military Bank to implement Finacle SaaS stack

Wednesday 21 November 2018 10:24 CET | News

 Australian Military Bank has implemented Finacle’s banking solution stack, in a bid to better serve its members and link up with fintechs.

The bank, Australia’s Defence financial institution with a membership made up chiefly by Defence personnel and their families, completed the switch to Finacle (a product subsidiary of Infosys) in February 2018.

The bank also wanted a cloud-based, SaaS model, so AMB has been able to roll out a slew of digital banking features such as budgeting tools and calculators, PIN change and card activation, real time alerts, international payments and NPP functionality.

The bank is now able to onboard new members and open accounts within minutes, it says, while a new origination (the process of creating a home loan or mortgage) system has improved the approval process.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Australian Military Bank, Finacle, Infosys, partnership, SaaS, payments , banking solution stack, fintech, cloud-based SaaS model, Software as a Service
Countries: World

Industry Events