30 July 2016
Find out more

UBank acts as test-bed for new NAB core platform

28 August 2012  |  7993 views  |  0 NAB logo

National Australia Bank's direct banking subsidiary UBank has migrated 300,000 customers to a new core banking platform developed for the parent bank by Oracle.

UBank customers can now customise their view of the online banking site 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 and provides new back-end tools for staff through a tie-up with NAB's new virtual contact centre software.

NAB is a third of the way through a major technology refresh, upgrading and building new networks, data centres, and software. The process entails the decommissioning of 100 legacy applications and the development of a new banking platform using Oracle Financial Services Banking platform as the foundation.

At UBank, the upgrade involved the integrates of three software layers - back-end, core and customer-facing websites - using a software stack consisting of 500 individual Oracle applications.

Gavin Slater, NAB group executive, group business services, says: "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."

NAB competitor Commonwealth Bank is nearing the finishing straight of a four-year, $1.1 billion core banking modernisation programme based on SAP software. In its results statement earlier this month, the bank said the technology investment was yielding considerably productivity improvements, helping to grow profits in a downwards economy.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

CBA reaps the benefits of $1.1 billion technology upgrade programme

CBA reaps the benefits of $1.1 billion technology upgrade programme

15 August 2012  |  8220 views  |  0 comments
Bank staff numbers to plummet as tech takes over - NAB executive

Bank staff numbers to plummet as tech takes over - NAB executive

24 July 2012  |  9445 views  |  1 comments
NAB to cut 1400 jobs from UK operations

NAB to cut 1400 jobs from UK operations

30 April 2012  |  4549 views  |  0 comments
NAB working to set cloud security standards

NAB working to set cloud security standards

02 March 2012  |  9660 views  |  0 comments
RBA launches probe into Oz banking outages

RBA launches probe into Oz banking outages

21 February 2012  |  10939 views  |  6 comments
CBA core banking overhaul enters final furlong

CBA core banking overhaul enters final furlong

16 February 2012  |  7055 views  |  0 comments
NAB services knocked out

NAB services knocked out

10 February 2012  |  5860 views  |  2 comments
NAB racks up IT spending

NAB racks up IT spending

28 October 2011  |  6669 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comFind out moreVisit VocaLink.com

Who is commenting?

Top topics

Most viewed Most shared
Groupe BPCE agrees to buy FidorGroupe BPCE agrees to buy Fidor
7968 views comments | 36 tweets | 52 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
7055 views comments | 16 tweets | 22 linkedin
hands typing furiouslyManaging Big Data After Brexit
6673 views 0 | 6 tweets | 8 linkedin
hands typing furiouslyBank of Pikachu? What does Pokemon Go mean...
5695 views 0 | 11 tweets | 9 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job