SANDSTONE TECHNOLOGY
Technology : leading banks into the digital era
Transforming financial institutions in a digital age The company ’ s aim to provide value for its customers is supported by continuous investment in its products , leveraging existing platforms for its current customer base while developing capabilities for small-to-medium enterprises ( SMEs ). On top of this , the company is expanding its partner ecosystem to deliver better functionality . “ We continue to build out our partner ecosystem to provide a more complete marketplace offering . This is very much in line with where we see the market moving , as per customer requirements to work with fewer vendor partners ,” Phillipou explains .
“ Ultimately , our strategy is to expand our market share in our existing markets in Australia , New Zealand and the United Kingdom , and take an entry into other markets , which we are now well placed to do .”
In recent years , the firm has identified the key areas in which it can develop its offerings in the future : internet and mobile banking ,
“ Data is an exceptionally valuable asset , provided companies can make use of it in a compliant way to add value to their consumers ”
MICHAEL PHILLIPOU CHIEF EXECUTIVE OFFICER , SANDSTONE TECHNOLOGY
alongside its current loan origination and intelligent document processing functions . These capabilities will add to its platforms and will be offered to both existing and prospective customers , which will also cater for banks and financial institutions who offer small-tomedium enterprise ( SME ) banking products and solutions . But , what benefit could this provide to Sandstone ?
166 February 2022