NEWS
Australian bank goes live on Temenos Banking Cloud address the digital preferences of millennial and gen-Z consumers .
Simon Beitz , CEO , Alex , said : “ Temenos ’ AI-driven digital banking platform provides the perfect foundation for Alex – a bank that is both digital and human . Temenos ’ ultra-efficient cloud technology simplifies our business operations so we can focus on our customers ’ needs and help them to get more of the things in life they really care about .”
Temenos has announced that Australia ’ s newest digital bank , Alex , has gone live on the Temenos Banking Cloud .
Temenos technology powers Alex ’ s launch as a licensed bank , following the acquisition of its Restricted-Authorized Deposit-
Taking Institution ( RADI ) license from the Australian Prudential Regulation Authority earlier this year .
The new digital bank was built to disrupt the Australian retail banking market with fast , simple , fairer and more human banking to
Temenos technology has already supported the bank to process almost 10,000 loan applications in the last six months , with each application taking the customer just three minutes to fill out .
Using The Temenos Banking Cloud , Alex will be able to simply and cost-efficiently scale its business and bring to market a portfolio of products to improve the consumer credit and banking experience for Australians .
Trustwave launches new cyber-risk assessment tool
The service , called Managed Vendor Risk Assessment ( MVRA ), gives organizations access to deep , fully scalable cybersecurity vendor assessments formerly considered prohibitively expensive .
Nick Ellsmore , Head of Consulting Strategy , Trustwave , said : “ Part of the reason we built MVRA is our concern for the cyber-resilience of the enterprise space . We are encountering gaps in organizations where vendors are left unassessed because of the perceived cost . MVRA gives organizations the ability to assess a large number of vendors with a consistency of measurement not possible before while still leveraging the expertise of genuine security consultants . For these organizations and the wider community , scalability brings safety .”
Demand for this solution has been driven by organizations increasingly reliant on external vendors for the provision of data processing and storage services , as well as a range of other cloudbased or security-sensitive services .
Trustwave has launched a first-of-its-kind cyber supply chain assessment solution for enterprises and SMBs in the Pacific region .
In addition , recent supply chain breaches discussed extensively in the media , including the SolarWinds Orion breach , have raised awareness of the need to move away from ad hoc vendor assessments or those built solely on technology which frequently miss vulnerabilities or lead to bad commercial outcomes for both parties .
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