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Box selected by Australia’s Xinja for its cloud content management tool

BoxRedwood City-based Box, a cloud content management company, announced that Australia’s neobank Xinja has chosen Box to enhance its customer interactions via the Xinja mobile application. The Sydney-based bank’s customers’ bank statements and account data will now be delivered through a portal which is powered by Box’s cloud platform. The bank’s financial lending team will also use the platform as a way of managing documents with customers to drive faster end-user outcomes.

Greg Steel, Chief Information Officer, Xinja encapsulated, “We’re offering a new way to bank, a true alternative to Australia’s big four banks. Having happy customers goes a long way to helping us break the high-cost, high-profit model of Australian banking.” He added, “To achieve this customer-centric goal, we have chosen Box to help create an elegant and responsive experience for our clients.”

In March, the bank announced that it got Dubai-based World Investments (WI) to invest A$433 million over the next 24 months, subject to relevant approvals. WI committed to invest A$160 million immediately, with the remaining A$273 million available to be drawn down in multiple tranches as Xinja Bank’s growth requires over the next 2 years.

“As one of Australia’s leading neobanks, Xinja has set the bar for adopting modern technologies that drive its business to the benefit of customers,” said Scott Leader, Regional Vice-President, Box ANZ. “With Box, they are providing clients with better access to information, and ultimately driving a better banking experience. Xinja is an example of a truly digital enterprise, and we are excited to work with such an innovative company to accelerate its use of technology.”

The bank will provide robust security via Box KeySafe – Box’s encryption key management solution – Box Zones, which enables data to be stored locally within Australia, and Box Governance to ensure the highest compliance and regulation requirements.

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