New Zealand Post has chosen long-time supplier Datacom and Melbourne-based banking software company Ultradata as “preferred supplier” of the platform and retail banking software respectively for its new bank’s IT structure.
Details of the contracts are still being negotiated, hence the term “preferred”.
Ultradata “came out tops in all our evaluation exercises”, says Post spokesman Alan Dempster. “It had all the elements we needed in its Ultracs banking software, and the ability to integrate into the New Zealand environment.”
Ultradata marketing manger Tracey Dean says the Ultracs software has not been used in a bank before, having been sold to other kinds of financial institutions such as building societies. Banks in Australia do, however, use other Ultradata software -- “our funds management and investment products, for example”.
There is no reason why Ultracs should not be suitable for NZ Post’s bank, she says. “Some of the institutions that run it in Australia are larger than the operation NZ Post is planning to run.”
The NZ Post implementation will run on IBM Unix-based p-series and RS/6000 platforms, at Datacom’s Wellington office. Terminals connected to the system from PostShop outlets will be of a generic workstation type, and bought from one or more of Post’s several existing workstation suppliers, Dempster says.
Neither party will reveal the size of the contract, but Dempster says the software and services so far acquired represent only “15% to 20%” of Post’s total IT budget for the bank project. A large number of other elements from terminals and networking to call-centre equipment are still to be selected.
"We're within budget at present on our IT," he says.