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Sandstone Technology

Recent Posts

What customer-owned banks can teach us about leading with purpose

Posted by Sandstone Technology on Oct 31, 2023 3:04:38 AM
Institutions within the customer owned banking sector are often viewed as followers rather than innovators. There’s a belief that smaller, community-focused providers are not having as significant an impact on consumers as their bigger, publicly-traded counterparts. But these kinds of assumptions couldn’t be further from the truth. 
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Topics: mobile and digital banking, Digital Banking

Banking technology: striking the right balance of configuration capability

Posted by Sandstone Technology on Oct 19, 2023 9:46:13 AM
Why do so many financial institutions aspire to 100% configurable technology? In our experience, it’s the appeal of maintaining ownership over their platform and the promise of cost savings. But going down that path may actually end up costing more and putting an unbearable maintenance burden on the business.
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Topics: mobile and digital banking, Digital Banking, Origination

Innovation and sustainability in Financial Services: where to from here?

Posted by Sandstone Technology on Sep 19, 2023 1:30:34 PM
Last month, Sandstone Technology attended the Future of Financial Services conference in Sydney, staged annually by FST Events. The theme was a compelling one: ‘Pioneering Purpose Driven Innovation and Sustainability to Reshape the Future of Financial Services’.
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Topics: mobile and digital banking, Digital Banking, Data & Open Banking, Featured AI and Machine Learning

Preventing the churn in banking: digital customer experience to the rescue

Posted by Sandstone Technology on Aug 30, 2023 6:32:56 PM
As digital natives enter the ranks of customers in their droves and challenger banks emerge with ever more attractive offerings, many financial institutions are facing a hard truth: they can’t bank on loyalty if their customer experience is sub-par. We outline some of the new digital experience imperatives in the battle to stop attrition. 
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Topics: mobile and digital banking, Digital Banking

The state of CX: themes from UK’s CX in Financial Services Conference

Posted by Sandstone Technology on Aug 16, 2023 6:02:24 PM
No business today can afford to take their customers for granted. Customer experience has become one of the great differentiators, and leading organisations in the financial sector are already lifting their game.
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Topics: mobile and digital banking, Digital Banking

Recurring themes from the UK Banking Transformation Summit 2023

Posted by Sandstone Technology on Jul 31, 2023 12:08:10 PM
Banking technology is always on the move. The annual Banking Transformation Summit (BTS) is an opportunity to get some well-rounded perspective on innovation in the marketplace and current thinking at financial institutions across the UK.
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Topics: mobile and digital banking, Digital Banking

Rollin’ with Gen Zs and Alphas: what financial institutions need to take on board

Posted by Sandstone Technology on Jul 18, 2023 2:02:54 PM
It seems like only yesterday that Millennials were the up-and-comers, their digitally-driven behaviours forcing change in the financial industry. Now it’s Generation Z, half of whom are already adults, and all of whom are digital natives. Meanwhile, the Alpha generation – the under 10s – are hot on their heels. 
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Topics: mobile and digital banking, Digital Banking

5 ways financial institutions can boost digital acquisition

Posted by Sandstone Technology on Jul 10, 2023 8:51:01 AM
We’re now in a market, post-Covid, where digital expectations have been pushed to new heights. Digital customer acquisition strategies are more important than ever, but financial institutions (FIs) are still seeing too many application dropouts. 
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Topics: mobile and digital banking, Digital Banking, Data & Open Banking

5 ways BankFast Apply streamlines applications for customers and operations staff

Posted by Sandstone Technology on Jun 30, 2023 7:13:53 PM

If you’re still processing account applications manually, with no option for digital origination, you’re wasting the customer’s time. Today there is an expectation for digital banking at every step of the journey.

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Topics: Digital Banking, Origination

What does a great broker journey look like for financial institutions? Automated solutions, greater efficiency

Posted by Sandstone Technology on Jun 26, 2023 4:47:28 PM
Brokers account for 70% of home loans according to recent data reported by the Mortgage & Finance Association of Australia. Like Financial Institutions (FIs), brokers have to contend with numerous obstacles in the application process. Adopting a solution that automates crucial parts of the process can be an efficiency win not just for the FI and its staff, but for brokers too.
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Topics: Origination, Featured Origination

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