QBANK preps for open banking with core system upgrade

By May 13, 2020 Client News

FEATURE ARTICLE in CIO Magazine Australia:

7 May 2020 – Member-owned bank takes the fight to fintechs and neobanks. Queensland’s QBANK is upgrading its core platform to improve its customer onboarding process and best deal with the introduction of Australia’s new open banking regime on July 1.

Read the full article on CIO Magazine Australia here.

GENERAL MEDIA RELEASE BY QBANK and MOQdigital:

QBANK tackling headwinds of banking reform and digital change. QBANK and MOQdigital take uncommon approach to banking platform improvement; improves member experience, meets APRA compliance and achieves significant cost savings.

Brisbane, Australia (12 May 2020) — QBANK, Queensland’s member owned bank for Police, Emergency Services and Government Employees is keeping up with the big four of Australian banking, putting members first with its recent banking platform upgrade strategy. In the fiercely competitive finance sector QBANK has always held the advantage of offering its hardworking members more than just comparable competitive rates; it offers the security that profits are ploughed back into the business to benefit members and their communities together with dedicated funding of socially responsible community partnerships. It’s recent approach to its banking platform review is testament to this commitment and will allow investment to be diverted into digital innovation and future community initiatives.

Read the full media release here.

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