Engine by Starling, the Software-as-a-Service arm of Starling Group, has entered into an agreement with SBS Bank, a mutual bank based in New Zealand.
This marks Engine’s fourth international contract.
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SBS Bank, which has transitioned from its beginnings as a building society, is set to update its core banking infrastructure using Engine’s cloud-based platform.
The move will introduce digital onboarding, fraud protection tools, and standard banking features such as card controls and spending analysis via a mobile application.
SBS Bank Group CEO Mark McLean said: “Engine was developed by the UK’s leading digital bank, Starling, and will bring worldclass capability to our members, and New Zealand.
“By partnering with Engine, we’ll combine the best of what SBS Bank offers today with globally acclaimed banking expertise, to create a more modern and secure experience for our members and enable our people to continue to deliver the outstanding service they provide today.”
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By GlobalDataEngine’s software aims to streamline account management and support services for SBS Bank.
Deloitte has been appointed to assist in implementing the new system.
The collaboration adds to Engine’s portfolio, which includes supporting banks such as Starling in the UK, Salt Bank in Romania, and AMP in Australia.
The company’s first North American deal was signed last year with Tangerine Bank in Canada.
Recently, Financial Times reported that Starling is making its Engine platform available to American banks.
Engine by Starling CEO Sam Everington added: “Welcoming SBS Bank as our first mutual client is a powerful proof point for Engine’s adaptability across customer bases and product profiles. We have a tried and tested blueprint for ambitious customer-centric banks looking to deliver brilliant digital experiences.
“Engine is a proven platform that works for large scale bank transformations, financial institutions unlocking new segments, new digital-first banks and community focused mutuals. This milestone demonstrates that our technology can flex, scale and evolve to meet the needs of many different banking models.”
