The bank will move into a new banking platform
ANZ Bank New Zealand has become the first bank outside the US to utilise financial technology leader FIS’ Modern Banking Platform, deployed on Microsoft Azure, to modernize its core banking capabilities.
Designed with the latest advancements in cloud security, monitoring, and resiliency from Azure as well as API-first functionality and plug-and-play components, the FIS’ Modern Banking Platform is a highly secure core banking platform that will enable ANZ to deliver convenient, frictionless digital banking services through a cloud-native architecture while managing risk effectively.
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“Banks need modern systems to meet growing expectations for personalised 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 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.”
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“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.”
ANZ New Zealand’s current Systematics core banking technology is also supplied by FIS.
