New Zealand’s SBS Bank has joined forces with Sandstone Technology to launch a new digital banking platform.
The platform, developed in partnership with Liferay, will be eventually used to create an online sales channel for origination and fulfillment of member applications.
SBS Bank CEO Shaun Drylie said: “Sandstone’s digital banking credentials and focus on the end-to-end Member experience across its solutions, is closely aligned with what we were looking to achieve. We’ve now got a solution which allows Members to complete their banking where and when it suits them, all while still receiving the same great SBS service across all of our channels.”
“Creation of an enterprise middleware layer was integral to the implementation of the new platform, and will allow the bank to offer ‘Banking as a Service’,” Drylie said.
Sandstone CEO Julian Blackley added: “Co-located teams, collaboration and joint ownership were instrumental in the success of the first phase of the broader program of work.”