Business
Kiwibank Goes Live with ACI Worldwide's Enterprise Payments Platform
Bank becomes the first financial provider in New Zealand to shift to a cloud-hosted solution and managed service for payment processing OMAHA, Neb. &
About this update from Aci Worldwide, Inc.
[{"type":"text","content":"\nBank becomes the first financial provider in New Zealand to shift to a cloud-hosted solution and managed service for payment processing\n\n\n OMAHA, Neb. & SINGAPORE--(BUSINESS WIRE)--\nKiwibank has successfully gone live with ACI Worldwide’s Enterprise Payments Platform, a managed cloud solution that will process all of Kiwibank’s account-to-account real-time payments.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240306222382/en/\n“Aligned with our vision for transformation and to build a new, modern, flexible tech stack, the ACI Enterprise Payments Platform is vital for future-proofing our payments system. By moving everything to ACI’s platform, we’ve replaced over 50% of the tech underpinning our banking solutions and opened our business up to embrace technology faster, while maximising performance and enhancing security,” said Mark Stephen, Kiwibank Chief Customer Officer.\n\n\n“We’re the first bank in New Zealand to do this, and we’re really excited about what it means for our customers. Future phases of our migration will include moving domestic and international payment functionality out of our old systems and onto ACI Enterprise Payments Platform as well as offering services like real-time payments,” said Stephen.\n\n\nWorking with ACI to move its infrastructure to the cloud provides Kiwibank access to cutting-edge technology at scale to streamline operation of multiple, and growing, payments services. “This significantly improves our readiness for future innovation. It also means we will be able to implement change at lower cost and lower risk, not having to work around multiple systems, utilising the expertise of the ACI managed service model,” commented Stephen.\n\n\n“We’re always working to improve our offer of being simple, easy, accessible and providing expertise for our customers, this move will help us deliver on that promise. ACI has helped us provide the tools our customers need in today’s fast-moving society. It’s a really exciting time for us as we continue to grow and gear up for future growth of the bank,” said Stephen.\n\n\nFor ACI Worldwide, this project epitomizes how ACI’s technology and global expertise can help our customers meet the increasing demands of their customers and their markets. “The cloud-native managed service Enterprise...