AUSTRALIA

2018 – the development of a new integrated banking system to replace the separate mobile and internet systems currently used . A vendor will be selected in the coming months to deliver this change together with branch systems , integrated with the core system using APIs .

Heritage Bank does not try to outstrip the big four incumbent banks

in Australia , but it does aim to be a ‘ fast follower ’. To do that effectively it needs to be able to adapt quickly . For example , Australian financial institutions are in the throes of changing over to the New Payments Platform ( NPP ), which allows money transfers to be made instantly rather than delayed or batched payments as previously . “ We are about to complete

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