HERO SECTION

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Title

Something Powerful

Tell The Reader More

The headline and subheader tells us what you're offering, and the form header closes the deal. Over here you can explain why your offer is so great it's worth filling out a form for.

Remember:

  • Bullets are great
  • For spelling out benefits and
  • Turning visitors into leads.

Banks feeling the pressure with big approval delays: how digital onboarding and banking automation can relieve the pressure

Posted by Sandstone Technology on Jun 7, 2021 12:03:03 PM

In the first half of 2021, Australians have experienced a major bottleneck in loan application approvals. Lenders continue to struggle as a hot residential property market fuels consumer demand, and as businesses seek to finance a strong recovery post COVID.

Read More

Topics: Digital Banking, Featured Origination

7 digital banking solutions to help retain and acquire SME customers

Posted by Sandstone Technology on Apr 26, 2021 10:27:00 PM

During the pandemic, at a time when many SMEs needed their banks’ support the most, they were let down by a major service gap. Outdated digital banking solutions are a big part of this ongoing problem. 

Read More

Topics: Digital Banking, Featured SME

Financial wellbeing beyond 2021 for banks and their customers

Posted by Sandstone Technology on Feb 8, 2021 3:51:12 PM

The COVID-19 pandemic has left Australia in an environment of low interest rates and reduced stability in earnings caused by government-imposed lockdowns, strategic business changes such as operations, budget cuts and redundancies that affect daily operations and budgets and employment, as well as changes in economic trends; these trends majorly affecting sectors including travel, finance, brick and mortar retail and hospitality, with flow-on effects within the broader economy.

Read More

Topics: Digital Banking, Featured Financial Wellbeing

Banking's competitive landscape - what can smaller banks do to thrive

Posted by Sandstone Technology on Jan 29, 2021 11:39:20 AM

With competition emanating not only from fintechs but also leading technology companies, it has become extremely difficult to grow or even maintain margins. The banks have the advantage that they have the customer base, however the advancement in technology is reducing the barriers to offer different financial products by fintechs and technology companies. We have already seen the proliferation of a variety of players in the payments space offering digital wallets, merchant services, payments rails, for example. PayPal, Square, Stripe, etc. The same is happening within the credit space with buy now pay later firms popping up, technology companies like Apple offering cards and even retailers offering their own credit facilities, thereby eating into the margins of the banks. Even Google has plans to introduce checking and savings accounts in tie-ups with banks. Smaller banks, at times are further disadvantaged especially in terms of funding available to invest in technology and innovation.

Read More

Topics: Digital Banking

The impacts of Covid-19 on the mobile and internet banking landscape

Posted by Sandstone Technology on Oct 14, 2020 4:20:40 PM

Covid-19 has significantly transformed our lifestyle on multiple fronts. From the way we do our professional work, go about our daily responsibilities to planning or managing finances, we all have been pushed to adopt digital technologies. ATM cash withdrawals and footfall at physical bank branches are down, whereas e-commerce and contactless payments have increased significantly. A recent article in the Sydney Morning Herald, pointed out that the ATM usage in recent months has plunged by about 40% in volume compared with last year, while branch traffic fell about 50% from February to April. Contactless payments, in contrast, are up about 65% in value. Australians are showing a greater preference for contactless payments during the Covid-19 pandemic, according to debit card provider Eftpos which is claiming 400% growth of its mobile payments business.

Read More

Topics: Digital Banking, Financial Wellbeing

The importance of digital banking in the digital age

Posted by Sandstone Technology on May 26, 2020 8:44:45 PM

All banks and financial institutions have a Digital Banking platform these days. But does yours just cover the basics?
Or have you realised the fast-growing importance of this channel for your customers and your bank’s future?

Increasingly, it’s the channel your existing customers choose to interact with you in. And as the digital native generation reaches adulthood and the workforce, it will be the only channel they’ll use – to research, apply and use their banking products and services.

Read More

Topics: Digital Banking

Does your digital banking strategy tick all of the boxes?

Posted by Sandstone Technology on May 26, 2020 8:26:02 PM

It’s time to change your perspective – it’s no longer ‘digital banking’. It’s ‘banking in a digital world’. And to take your rightful place in this digital world, your Digital Banking strategy needs to tick all the boxes.

Read More

Topics: Digital Banking

OPEN BANKING: BEYOND DATA SHARING

Posted by Sample HubSpot User on May 22, 2020 4:22:54 AM

The Open Banking deadline is nearing for Data Holders, the major banks have already complied with product reference data, whereas non-major ADIs including non-major banks, building societies and credit unions, are well set to comply with these requirements by Oct 1st, 2020. While the compliance timelines for disclosure to accredited data recipients is still a few quarters away (phase-1 for major banks is Oct 2020 and for non-major banks/ADIs/ building society/credit unions is Feb 2021), the financial institutions have also started to define their strategy around being a Data Recipient. We are seeing a varied set of approaches to the Open Banking Consumer Data Right (CDR) compliance requirements. While the smaller financial institutions have primarily focused on compliance aspects, the mid-large tier organisations have taken a strategic approach to prepare themselves for a new world, where the customer and banking data can be potentially accessible to all financial institutions based on customer consent.

Read More

Topics: Digital Banking, Data & Open Banking