Southland Building Society customers have access to full banking services such as ATMs, EFTPOS and telephone banking after it moved its core banking software from a legacy mainframe.
The Invercargill-based company, which has nine branches and more than 50,000 customers, has abandoned a Unisys mainframe to enable the services move.
SBS IT services manager of IT services Martin Gale says the decision to move to a new application was not made lightly but the company couldn’t easily develop new services on its old development platform, without having to resort to add-ons.
“We didn’t want to rewrite our system from scratch and we reviewed a number of options but went with Jade because converting our system to its technology offered the least risk compared to the alternatives.”
SBS was already a Jade customer; its predecessor, Aoraki, created the software the building society was replacing.
The conversion process, which is dubbed JET (Jade Enabling Transition), took nine months, the was cost being recovered in less than 12 months, Gale says. SBS has also halved its banking system operating costs through making the move, he says.