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RBA seeks supplier for new core banking platform

03 July 2015  |  5021 views  |  0 Sydney Modern Buildings

The Reserve Bank of Australia has gone to tender for a new core banking system.

The platform will be used to support transactions processing services provided by the RBA for the Australian government and other agencies.

While customer numbers are low, the system must be capable of supporting high transaction volumes and values, says the Bank, which currently handle 320 million payment and 25 million collection transactions per year.

Sitting as an overlay on the RBA's existing infrastructure, the underlying architecture will need to support a Microsoft SQLServer or Oracle Relational Database server; a Microsoft Active Directory for identity management integration; and use technologies such as Secure FTP, secure assured messaging technology like MQ messaging, and web services-based integration. It will also need to interface to the RBA's PeopleSoft general ledger.

"As the services must support critical Australian Government transaction processing, it is essential that the respondent has a substantial and proven track record in the supply, integration, implementation and support of core banking solutions," says the Bank in its tender document.

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