ME Bank unveils new internet banking service
It’s all about ME
Australia’s ME Bank has launched a new internet banking service in a joint project with Sandstone Technology.
The new service builds on Sandstone’s digital BankFast platform and includes “enhanced” security and a new Liferay portal based dashboard; supporting customisation and inclusion of superannuation account details along with bank account details.
ME Bank’s brand and digital director, Ingrid Purcell, says the new portal is a “significant step forward in terms of functionality and importantly allows for future development”.
For its core processing, ME Bank uses Temenos’ T24 core banking system.
ME Bank is a Melbourne-based direct bank with offices in Sydney, Brisbane, Adelaide, Perth, Hobart, Canberra and Darwin.
It was founded in 1994 as Super Member Home Loans (SMHL) by Australia’s Industry Super Funds, SMHL became Members Equity Bank in 1999, and received a banking licence from the Australian Prudential Regulatory Authority (APRA) in July 2001.
It was initially founded to offer access home loan products, but currently offers a range of banking products including home loans, savings account, credit cards, term deposits and transaction accounts.
Sandstone’s story
Sandstone’s tech is popular in the UK, with Shawbrook Bank and Private and Commercial Finance Group (PCFG) among the takers.
Sandstone also joined forces with Unisys and Payment Card Technologies (PCT) to bring to market a new digital banking solution.
