Solid member and balance sheet growth have underpinned CUA’s first-half financial results for FY20, off the back of a renewed strategic focus on growing transactional banking.
CUA Group posted a consolidated NPAT of $21.25 million, boosted by the strong performance of its subsidiaries and highlighting the benefits of a diversified banking and insurance offering. The Group result was down 7.9 per cent on the corresponding period a year ago, reflecting the low interest rate environment, challenging external conditions and costs associated with CUA’s decision to invest in member services.
Sandstone Technology release Loan+, the first fully-integrated, real-time, self-service, home loan top-up facility into the Australian market.
Sandstone Technology, a market leading financial services technology company providing digital acquisition, loan origination, settlement management, internet banking, mobile banking and online financial management, today announced their newest market offering, Loan+.
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Michael Phillipou, who has been occupying the role of Chief Customer Officer for Sandstone Technology over the past 15 months, was today announced as the new CEO for Sandstone replacing Bob Hall, company co-founder and Chairman, who has been filling the role since February this year.
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Our founders Bob Hall and Violet Yu talk about the early days writing software solutions for their banking tech startup that would become the Sandstone Technology we know today, “a successful global fintech with a solid reputation”.
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Solid member and balance sheet growth have underpinned CUA’s first-half financial results for FY20, off the back of a renewed strategic focus on growing transactional banking.
ANNOUNCEMENT
We’re now an official corporate partner of Financial Executive Women (FEW) and will sponsor FEW’s tri-weekly Connect Live Stream events, hosted by Alex Gullio. Sandstone Technology’s Chief Customer Officer Michael Phillipou will co-host the ‘Digital First: A Banking Transformation Series’ events with Alex on Thursdays.
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With many reassessing their mortgage terms, banks have found themselves under increased pressure to triage their customers immediate needs, with call centres and branch enquiries banking up, placing additional pressure on existing systems.
MEDIA RELEASE
Sandstone Technology, a market leading financial services technology company providing digital acquisition, loan origination, settlement management, internet banking, mobile banking and online financial management, today announced their newest market offering, Loan+.
