UBank, National Australia Bank's direct banking subsidiary, has migrated 300,000 customers to a new core banking platform.
Users can now customise their view of the UBank website and take advantage of a range of new features, such as calculators and funds trackers. The system also enables the real-time processing of funds between UBank accounts. The new platform, developed in partnership with Oracle, integrates three software layers - back-end, core and customer-facing websites - and is part of a long-term overhaul of NAB's technology systems. It says that it is a third of the way through upgrading and building new networks, datacentres and software.
"The migration of UBank customers to NAB's new platform is an important milestone in our multi-year plan to create more choice for customers to bank wherever, whenever and however they want," says Gavin Slater, NAB Group executive, Group Business Services.
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