Australian fintech startup Xinja has established its fully digital ‘neobank’, with it now being live and comprising of finance, loans and deposits, and a payments engine.
The digital service is being hosted on SAP Cloud for Banking after a three-month implementation.
“We were very considered in our choice of core banking partner, and we selected SAP because it had both the experience and imagination to work alongside us and kick-start the consumer banking revolution in Australia – something it has now proved,” Eric Wilson, CEO, Xinja said.
“SAP’s world class cloud solution gives Xinja the building blocks to deliver a customer experience that will energise consumers and allow them [to] manage their finances from their mobiles and ultimately make more out of their money.”
Damien Bueno, president and managing director, SAP Australia and New Zealand, said the cloud provides the foundation for an entirely digital bank.
“With SAP Cloud for Banking, we now have a cloud-based core banking solution for deposits, payments and finance that is quick to deploy,” he said.
“By implementing an agile micro services-driven platform in just three months, SAP is not only enabling Xinja to realise value quickly but is also enabling it to deliver new and innovative experiences for its customers, revolutionising consumer banking and delivering on its customer promise.”
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