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Kiwibank deploys ACI Worldwide’s Enterprise Payments Platform

By Gloria Mathias

March 11, 2024

  • Account to Account Payments
  • ACI Worldwide
  • Fintech news
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ACI Worldwide, Kiwibank, Fintech news, Payments Technology, Payments solutions, Payments news, Real time payments, Account to account payments, Fintech News, New Zealand payments, Kiwibank has gone live with ACI Worldwide’s Enterprise Payments Platform, a managed cloud solution that will process all of Kiwibank’s account-to-account real-time payments.

“Aligned with our vision for transformation and to build a new, modern, flexible tech stack, the ACI Enterprise Payments Platform is vital for future-proofing our payments system. By moving everything to ACI’s platform, we’ve replaced over 50% of the tech underpinning our banking solutions and opened our business up to embrace technology faster, while maximising performance and enhancing security,” said Mark Stephen, Kiwibank Chief Customer Officer.

“We’re the first bank in New Zealand to do this, and we’re excited about what it means for our customers. Future phases of our migration will include moving domestic and international payment functionality out of our old systems and onto the ACI Enterprise Payments Platform, as well as offering services like real-time payments,” said Stephen.

Working with ACI to move its infrastructure to the cloud provides Kiwibank access to technology at scale to streamline the operation of multiple, and growing, payment services.

For ACI Worldwide, this project epitomises how ACI’s technology and global expertise can help our customers meet the increasing demands of their customers and their markets. “The cloud-native managed service Enterprise Payments Platform solution is a transformative move for Kiwibank to leapfrog the competition. It enables the bank to realise the convergence of all payment rails and offers scalability and flexibility to bolt on additional technology solutions without having to build the architecture from the ground up. We’re very excited to have implemented such an advanced solution for one of New Zealand’s leading banks,” said Leslie Choo, Senior Vice President, Managing Director, APAC, ACI Worldwide.

Kiwibank is an ACI banking customer, leveraging ACI’s ATM/POS and AI-powered fraud management solutions. The strategic partnership with ACI marks a significant milestone in Kiwibank’s digital transformation efforts and sets the foundation to unlock the benefits of real-time payments.

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