back Back

ANZ New Zealand selects FIS’s modern banking platform

By Leandra Monteiro

August 12, 2022

  • ANZ Bank
  • ANZ New Zealand
  • API Banking
Share

ANZ BankANZ Bank New Zealand Ltd (ANZ New Zealand) has selected financial technology company FIS® to modernise its core banking capabilities.

ANZ New Zealand will be the first bank outside the U.S.to utilize FIS’ Modern Banking Platform, which is deployed on Microsoft Azure. FIS’ Modern Banking Platform enables convenient, frictionless digital banking services through a cloud-native architecture. The platform is a highly secure core banking solution that uses extensive measures to protect data, and features the latest advancements in cloud security, monitoring and resiliency from Azure.

91% of financial institutions are using cloud services today or planning to soon according to the Cloud Security Alliance. Yet traditional brick and mortar banks have been slower to move the core of their operations, core banking capabilities, into the cloud.

Cloud-enabled, componentized, open and highly secure – FIS Modern Banking Platform is designed with API-first functionality that puts financial institutions in control of their customer experiences. The solution’s plug and-play components enable institutions to build the retail and commercial capabilities needed today with the speed needed to innovate into the future.

“Banks need modern systems to meet growing expectations for personalized products and services, and strengthen the customer experience,” said Andrew Beatty, Head of Enterprise Banking at FIS. “Cloud-based systems have quickly moved from a competitive advantage to the baseline of what makes of a successful bank. Cloud-based core banking will enable banks to increase their speed to market and become more agile. We believe ANZ New Zealand is just the beginning of a huge industry trend to drive digital transformation through the cloud.”

“Upgrading our core banking technology into a cloud-based platform means we can continue to deliver reliable, efficient and secure services for our customers,” said Mike Bullock, Chief Information Officer at ANZ New Zealand. “Our current core banking system is very robust and up-to-date but, like most platforms used by banks around the world, it is based on technology developed decades ago. This work sits within our current five-year investment plan and will allow us to be more innovative in how we deliver banking services.”

“We’re honored to be a part of ANZ New Zealand’s cloud journey, together with FIS, to help modernize their core banking infrastructure,” said Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft. “Running on Microsoft Azure, FIS Modern Banking Platform delivers a flexible, data-driven solution to deepen customer relationships and roll out new products more quickly, while managing risk effectively.”

ANZ New Zealand’s current Systematics core banking technology is also supplied by FIS.

Previous Article

August 12, 2022

Segpay announced expanding its operations in Ireland

Read More
Next Article

August 12, 2022

Great Southern Bank drives digital transformation with Fiserv

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

October 09, 2024

Core Banking Crisis: 55% of Banks cite Legacy Systems as top barrier to transformation

Read More

October 09, 2024

INDEXO launches banking operations in Latvia with Mambu technology

Read More

October 09, 2024

Savings platform Moneybox renews partnership with GoCardless

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More