National Australia Bank (NAB) is planning to move around four million customers to its NextGen core banking platform over the next three years.
NAB enterprise services and transformation group executive, Lisa Gray, was quoted by computerworld as saying that from early 2015, customers will be able to open an NAB-branded personal account on the NextGen platform.
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"In parallel, we have been rationalising our product range. We will than progressively look at how we put business products onto the NextGen platform," Gray added.
NAB, through its subsidiary UBank, recently launched a transaction account, UBank USaver Ultra, which could be applied for and verified without human intervention.
The UBank USaver Ultra account was the first launched by NAB on the NextGen platform in 2013, claims the bank.
Gray said that many of the learnings from UBank will be used across its NAB range of products and services.
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By GlobalData"Early next year [2014] we will release another set of direct banking capabilities on the NextGen platform," Gray added.
