ANZ New Zealand to move to FIS Modern Banking Platform
August 09 2022 - 4:00PM
Business Wire
Key facts
- ANZ New Zealand will be the first bank outside the U.S. to
utilize FIS’ Modern Banking Platform deployed on Microsoft
Azure.
- Once completed, the bank will leverage cloud-based technology
for core modernization.
ANZ Bank New Zealand Ltd (ANZ New Zealand) has
selected financial technology leader FIS® (NYSE: FIS) to modernize
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.
Ninety-one percent of financial institutions are using cloud
services today or planning to soon according to the Cloud Security
Alliance1. 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 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
platform2 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.
FIS’ Modern Banking Platform is now available across the world
in the U.K., Thailand and New Zealand, following its recent
integration with Azure.
----------------------
1 Cloud Usage in the Financial Sector 2 Before ANZ New Zealand
can move to a cloud-based core banking system, non-objection will
be required from the Australian Prudential Regulation Authority
(APRA). Regular engagement will also take place with the Reserve
Bank of New Zealand (RBNZ) and the Financial Markets Authority
(FMA).
About FIS
FIS is a leading provider of technology solutions for financial
institutions and businesses of all sizes and across any industry
globally. We enable the movement of commerce by unlocking the
financial technology that powers the world’s economy. Our employees
are dedicated to advancing the way the world pays, banks and
invests through our trusted innovation, system performance and
flexible architecture. We help our clients use technology in
innovative ways to solve business-critical challenges and deliver
superior experiences for their customers. Headquartered in
Jacksonville, Florida, FIS is a member of the Fortune 500® and the
Standard & Poor’s 500® Index. To learn more, visit
www.FISglobal.com. Follow FIS on Facebook, LinkedIn and Twitter
(@FISglobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20220809005687/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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