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Top fintech stories this week – 24 November 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Co-op Money NZ wins credit union legal fight

Co-op Money NZ

Co-op Money NZ, the industry body for credit unions and mutual building societies in New Zealand, has won its legal fight to continue providing wholesale banking. The organisation has successfully appealed against the decision of the Registrar of Friendly Societies and Credit Unions. By way of recap, earlier this year, a former Co-op member, Westforce […]

Co-op Money NZ moves credit union members to new core banking system, Flexcube

NZCU Baywide in core banking tech revamp

Another member of Co-op Money NZ, the industry body for New Zealand’s credit unions and mutual building societies, is due to go live with a new core banking platform, Oracle FSS’s Flexcube.

Westpac NZ in paytech modernisation with ACI Worldwide

ACI in paytech project in New Zealand

Westpac New Zealand has completed “a wide-ranging banking technology transformation” with ACI Worldwide, according to the vendor.

Kiwibank puts core banking tech overhaul under “strategic review”, writes off NZ$90 million

Fintech in New Zealand

Kiwibank, New Zealand’s fifth largest bank, is conducting a “strategic review” of its implementation of SAP’s core banking and payment software – a large-scale project known as CoreMod.

Aotearoa Credit Union goes live on Oracle FSS Flexcube core banking system

aotearoa credit union new zealand

Aotearoa Credit Union (ACU), a Māori financial institution in New Zealand, has implemented Oracle FSS’s Flexcube core banking system. ACU, started by the MUMA (Manukau Urban Māori Authority) 28 years ago, is the first Māori financial institution to launch a “tier one” banking platform for its 15,000 members. ACU branches are located in South Auckland […]

Credit Union Australia pivots with Pivotus Ventures’ digital banking

Australia flag

Credit Union Australia (CUA) has joined a group of banking providers, becoming the exclusive Australia and New Zealand partner of Pivotus Ventures. The deal – which also includes the UK’s Nationwide Building Society, US bank Umpqua and the Netherlands’ De Volksbank – will let CUA develop new digital banking opportunities. The ideas are being developed […]

Heartland Bank live with new core banking system, Flexcube from Oracle FSS

Heartland Bank revamps core banking tech

New Zealand-based Heartland Bank has gone live with its new core banking system, Oracle FSS’s Flexcube.

Kiwibank’s SAP core banking system overhaul faces delays and budget increase

Kiwibank perseveres with tech revamp

New Zealand-based Kiwibank is progressing with its SAP core banking system overhaul but the project is running behind schedule and the costs are on the rise.

New Zealand preps for new credit union law

Fintech in New Zealand

A new law in New Zealand is being readied with plans to bring in more innovation and accountability to credit unions. Called the Friendly Societies and Credit Unions (Regulatory Improvements) Amendment Bill, the new legislation will update the law for credit unions and their associations. It has been read for the first time in Parliament. […]