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AUSTRALIAN MILITARY BANK

Powers Digital Transformation with Infosys Finacle on Cloud

The bank chose Finacle’s comprehensive, Australia ready digital banking solution stack to drive their ambitious transformation program

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IMPLEMENTED A SaaS MODEL DIGITAL BANKING SUITE IN TEN MONTHS

To achieve the transformation in 10 months was a remarkable outcome: John Ford, CEO, Australian Military Bank

The entire implementation of the Finacle solution stack, including core banking, origination, payments and channels, was completed in just 10 months, providing feature rich, truly digital retail banking functionalities for AMB.

Since go live, the bank has been processing on average of 40,000 mixed transactions per day, along with 22,000 card transactions and close to 7,000 composite payments transactions on average per day.

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TRANSFORMING INTO A MODERN, NIMBLE, NEW AGE DIGITAL BANK

We chose Finacle because they are a leader in global leader in core banking solution: Andrew Brown, COO, Australian Military Bank

The new origination system has helped the bank make the origination process simpler and drive the creation of a pipeline of over AUD61 million worth of loans during just the first month post go live. The new Internet Banking & Mobile Banking channels have seen a 46% increase in registrations and more notably a 116% increase in the Mobile App registration.

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AN AUSTRALIA READY DIGITAL BANKING SOLUTION

When we looked at the different suppliers in the marketplace, they far exceeded what any of the competitors could deliver: Sarah McClure, Chief Digital and Marketing Oficer

Cutting-edge localization capabilities in the solution, including 16 integration touch points, have empowered AMB to establish seamless end-to-end integration with major allied services providers and key partners such as credit bureau, ATM providers and payments solution providers. The Finacle solution also provides the bank out of the box
capability for required regulatory reporting

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