The five-year engagement will see Capgemini deliver technology initiatives across the ME business, as the bank builds out its digital services.
It is hoped the partnership will help ME reach greater operational flexibility and faster development times.
The bank has said that all the infrastructure and data will remain securely with ME, while Capgemini will provide a “managed service” for that infrastructure to free up time and resources for the small bank.
Mark Gay, ME chief information officer said: “ME is delighted to announce its partnership with Capgemini. The bank was recently voted Australia’s best online bank and Capgemini’s Collaborative Business Experience™ will help ME extend and improve on its digital banking services.”
Manoj Khera, senior vice president and managing director, financial services, Capgemini Australia and New Zealand, added: “We are proud of the confidence that ME has shown by selecting Capgemini.
“We are committed to bring the change in the way we engage with ME, to spark innovation in technology and to assist ME to have the readiness to embrace the disruption in today’s highly competitive market.”
[Related: ME launches new internet banking platform]
Annie Kane is the editor of Mortgage Business.
As well as writing news and features on the Australian mortgage market, financial regulation, fintechs and the wider lending market – Annie is also a regular contributor to the Mortgage Business Uncut podcast.
Before joining Momentum Media in 2016, Annie wrote for a range of business and consumer titles, including The Guardian (Australia), BBC Music Magazine, Elle (Australia), BBC Countryfile, BBC Homes & Antiques, and Resource magazine.