Westpac New Zealand Completes Major Banking Technology Transformation with ACI Worldwide
Westpac NZ, a long-standing ACI customer, is utilizing ACI's UP Immediate Payments solution as its financial transaction hub, orchestrating payments across channels, networks and payment types, and settling to any clearing stream in real-time. Core payment processing is handled by ACI's market-leading UP Retail Payments solution which acquires, authenticates, switches and authorizes financial transactions across multiple channels. The implementation allows Westpac NZ to make changes at speed and rapidly scale up operations to overcome market challenges.
"Building on our close collaborative relationship with ACI, it was logical to partner with them as we shifted to DevOps methodology and practices," said
The ability to detect fraud - and well as process payments - in real-time has also become a competitive differentiator for Westpac NZ, as the bank is the first to benefit from the new capabilities of ACI's UP Payments Risk Management solution. The solution's scalable, high-processing transactional throughput delivers real-time adaptive machine learning and the ability to pattern match, so that fraud trends can be identified before they impact the bank's customers or the bank itself.
"Westpac NZ is a shining example of how a long-established bank can transform its IT culture and operations to become nimbler, and supply customers with innovative solutions," said
ACI Worldwideand Westpac New Zealand Deliver Real-Time Payments Through DevOps Transformation [Press Release]|[Video]
- Westpac New Zealand Overcomes Marketplace Challenges with ACI Worldwide's Leading Retail Payments Platform [Press Release]|[Video]
- Westpac New Zealand Protects Against Evolving Fraud Threats with ACI Worldwide's Real-Time Fraud Solution [Press Release]|[Video]
About Westpac New Zealand
Westpac has been serving New Zealanders since 1861 and is today one of the New Zealand's largest full service banks with more than 1.3 million customers. Westpac NZ provides a full range of retail and commercial financial services including home and business lending, funds management and treasury services. Westpac NZ employs more than 4,000 staff, and is committed to improving the social, environmental and economic wellbeing of all New Zealanders.
Product roadmaps are for informational purposes only and may not be incorporated into a contract or agreement. The development release and timing of future product releases remains at ACI's sole discretion. ACI is providing the following information in accordance with ACI's standard product communication policies. Any resulting features, functionality, and enhancements or timing of release of such features, functionality, and enhancements are at the sole discretion of ACI and may be modified without notice. All product roadmap or other similar information does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b09a3b98-cbda-4582-850c-b499230f515e
Andrea Snyder ACI Worldwide+1 (646) 675-4451 email@example.com Christopher Taine [APAC] ACI Worldwide+49 (0) 8945230557 firstname.lastname@example.org Dan Ring ACI Worldwide+1 (781) 370-3600 email@example.com
News Provided by Acquire Media