Although the name of the authorised deposit-taking institution (ADI) has not yet been released, Rubik has cryptically said the digital banking platform was developed using Temenos’ “front-to-back” technology with omni-channel digital software to target “Australian credit unions and mutuals”, as well as other authorised ADIs.
The software is a multi-channel core banking system that provides success-critical functionality for retail banking, and is said to offer a “real-time view” of customers while “removing the costly need for institutions to internally maintain or regularly upgrade their systems”.
“We’ve invested heavily in what we believe is a game-changing platform for the industry and the fact that we can help clients digitally transform so quickly without significant upfront investment is very appealing,” commented Rubik CEO, Iain Dunstan.
“We’re very pleased to be able to announce the signing of our first client so quickly after the launch of Rubik Model Bank. It’s proof that the market is responding to our offering and that the solution is in line with market demand,” he concluded.
More details on the identity of the client are expected in the coming weeks.