 |
Home | Site Map | Privacy Statement |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
Published Date: |
Kiwibank confirms Ultradata for Core Banking System 
01 Feb 2010 – Kiwibank has completed a comprehensive examination of its future technology banking requirements, working with a number of international companies, and has confirmed that it will continue with the existing Ultradata core banking system. Chief Executive Sam Knowles said the bank has been experiencing tremendous growth since its inception in 2002 and carried out the review to ensure its systems could accommodate the requirements of servicing a customer base of nearly 700,000. “As part of this system review, Kiwibank invested a significant amount of time revisiting their current and future core banking platform requirements, short-listed a number of potential suppliers and undertook an in-house Proof of Concept. “After undertaking this detailed analysis, Kiwibank decided to maintain the longstanding relationship with Ultradata by continuing to use Ultracs as the core banking platform, and by forming a strategic partnership to support future growth opportunities in terms of customer numbers and functionality.” Kiwibank also has a strong in-house team of IT staff who has been able to work with the business to build bank specific functionality, utilising Ultracs capabilities. For further information: Kiwibank Communications Manager
FURTHER INFORMATION Kiwibank confirms Ultradata for Core Banking System New Zealand’s 2009 Bank of the Year, Kiwibank, with over $10.4 billion in assets and nearly 700,000 customers, has announced that it will continue to utilise and develop its Ultradata core banking system. As part of its strategy to maintain its position at the forefront of banking excellence, in 2008, Kiwibank went on a worldwide search to review core banking systems to ensure it had the right framework for the future. Kiwibank has been experiencing tremendous recent growth, with over 39% growth in retail deposits in the last year along with a healthy 19% increase in profits. With a range of innovative products and a culture of customer service, Kiwibank has also been awarded Best Value Bank by the Sunday Star Times and CANSTAR (previously CANNEX) for the last four years and New Zealand Bank of the Year by the prestigious international “The Banker” magazine. As part of its system review, Kiwibank invested a significant amount of time on their current and future core banking platform requirements, short-listed a number of potential suppliers and undertook an in-house Proof of Concept. After undertaking this detailed analysis, Kiwibank decided to maintain the longstanding relationship with Ultradata by continuing to use Ultracs as the core banking platform, and establishing a strategic partnership to support future growth opportunities in terms of customer numbers and functionality. Kiwibank also has a strong in-house team of IT staff who has been able to work with the business to build bank specific functionality, utilizing Ultracs extensibility options. Sam Knowles, Chief Executive of Kiwibank, says “We always strive to ensure that the services we deliver to customers are innovative and good value. Ultradata, along with our IT staff have worked well together to make this happen in the past and we expect this to continue to happen in the future. The decision to move forward with Ultradata followed an extensive examination of our requirements, current solutions, and possible alternatives for the future. We believe that we are heading in the right direction.” Peter Henshaw, CEO of Ultradata, says “We are thrilled that Kiwibank has chosen to remain in the Ultradata community. Ultradata has been providing innovative banking technology to Kiwibank for the past 8 years and we know it will continue to provide them with the best solution to offer their customers the best value products and unbeatable services. Ultradata believes that our technology platform is the best available and to have proved it with extensive scalability testing reaffirms our belief that our solution is still the most functionally rich core banking system available.”
About Kiwibank Kiwibank has won the Sunday Star–Times CANSTAR (previously CANNEX) Supreme Award for Best Value Bank in 2006, 2007, 2008 and 2009. Most recently, Kiwibank was named ‘New Zealand Bank of the Year’ by ‘The Banker’ magazine. Kiwibank has assets of over $10.4 billion, plus has almost $1 billion funds under management. Additional information about the company is available at http://www.kiwibank.co.nz
About Ultradata Australia Ultradata supplies software solutions for core banking, funds management, consumer finance products such as Lending, Debit and Credit card, ATM, and cheque book systems. It also supplies the most popular Internet banking software, My Viewpoint, which is installed in more institutions throughout Australia than any other comparable system, and has a market leading mobile banking solution Ultradatas solutions are built on a service-oriented architecture and are tailored for each individual organisation. Ultradata clients range in asset size from start-ups to multi billion dollar institutions and are spread throughout 8 different countries. Additional information about the company is available at http://www.ultradata.com.au Contact Details Senior Manager - Marketing
|
