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Rubik expands international footprint

Australian fintech provider Rubik Financial has announced it has signed an agreement with an overseas bank to implement its collections platform, CWX.

The agreement with Pakistan’s Bank Alfalah now means that five of the country’s banks are using CWX.

Rubik has joined forces with long-time banking partner Temenos on the Bank Alfalah project to integrate its collections platform with Temenos’ core banking product, T24.

Iain Dunstan, CEO of Rubik, said the project represents an exciting opportunity for the ASX-listed group to deliver its technological benefits to Bank Alfalah and potentially other T24 users in the region.

“The CWX integration to T24 will provide a market-leading solution that will enable our clients the ability to better evaluate, manage and review their collections strategy, as well as a greater visibility of debt portfolios than ever before,” he said.

The agreement comes after Rubik completed the implementation of its collections platform with Vietnam International Bank, which is 15 per cent owned by CBA.

[Related: Rubik to drive MyState’s digital banking transformation]

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