Westpac NZ completes banking transformation
Written by Anthony Strzalek
Westpac New Zealand has, in partnership with ACI Worldwide, completed a major banking technology transformation.
Westpac NZ has adopted ACI Worldwide’s Universal Payments portfolio of solutions which focus on real-time payments and fraud prevention.
A long-standing ACI customer, Westpac NZ is utilising 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 UP Retail Payments solution which acquires, authenticates, switches and authorises financial transactions across multiple channels. The implementation allows Westpac NZ to make changes at speed and rapidly scale up operations to overcome market challenges.
Dawie Olivier, CIO of Westpac NZ, said: “Building on our close collaborative relationship with ACI, it was logical to partner with them as we shifted to DevOps methodology and practices. Implementing ACI’s retail payments solution on Linux positions us to fully capitalise on the transformation of both our IT culture and technology stack.”
Phillip Finnegan, general manager, Pacific, at ACI Worldwide, added: “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.”