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Thursday, January 9, 2014

Wesleyan Bank Selects Sword Apak’s Core Banking System Aurius as It Gears up for Dynamic Growth

Wesleyan Bank has selected Sword Apak’s core banking solution, Aurius, to replace its current technology platform as the bank gears up for an ambitious period of growth.

The Bank is part of the Wesleyan Assurance Society, a mutual established in 1841, and offering a full range of financial products and services for professionals in the medical, dental, teaching and legal professions. The decision to choose Aurius is based on the bank’s commercial imperative to build its business, deliver excellent customer service, and respond effectively to new regulatory reporting and monitoring requirements.

“We have a very ambitious plan for growth and our choice of technology has to reflect this,” says Steve Deutsch Managing Director of Wesleyan Bank. “Following a rigorous selection process Aurius was selected as it provides a robust and comprehensive ‘out of the box’ solution that delivers on flexibility, with the ability to integrate into our existing IT estate. Sword Apak also has recent experience of migrating data from our existing platform.”

With its high degree of configurability and feature-rich specification, Aurius will enable Wesleyan Bank to:

  • Launch new products quickly and deliver them across multiple distribution channels
  • Streamline and automate many of its business processes and procedures using advanced workflow management tools
  • Easily extract key data for marketing, analysis and reporting

Sword Apak is working closely with Wesleyan Bank to ensure that Aurius fully supports its business objectives as it moves forward.

“We are delighted that Wesleyan Bank has chosen Sword Apak to implement Aurius,” says Tony Allen CEO Sword Software. “Aurius is now successfully running UK banking businesses at United Trust Bank and Unity Trust Bank. We are confident Wesleyan Bank will benefit from the same cost-effective, flexible, future-proof technology. Indeed, for many small to mid-sized banking institutions, Aurius represents an agile alternative to legacy and traditional banking platforms.”

 

About Sword Apak

With over 30 years’ experience as a leading provider of financial systems, Sword Apak has developed Aurius using its extensive knowledge of working within the banking technology sector. Sword Apak delivers business focused and technically advanced solutions to a range of banking and financial services institutions.