BANK OF SYDNEY
regulatory requirements across all the different channels, services and products,” Geoff explains.“ A much more integrated approach was required.”
Beyond integration, the cloud migration is bringing currency with market developments in technology that the bank could never achieve through internal development alone.“ We chose to transition to cloud because that gives us currency and helps as our partners have much deeper pockets than we have, keeping us current to market so we don’ t have to play catch-up ever again,” Geoff says.
This strategic approach also shifts the bank’ s financial model from capital expenditure to operational expenditure. The change is providing greater flexibility while accessing capabilities that would be too expensive and take to long to build internally, allowing Bank of Sydney to compete with much larger institutions.
For lending operations, Bank of Sydney has selected Nucleus Software, complementing the core banking transformation with specialised capabilities. The global provider serves financial institutions across Asia, the Middle East and beyond, bringing proven expertise to the bank’ s credit operations.
“ Nucleus provides an up-to-market cloud-based software-as-a-service model that delivers a great end-to-end lending process,” Geoff reveals.“ We haven’ t leveraged the full capabilities of Nucleus yet, so we’ re very keen to continue that journey.”
86 October 2025