Sandstone Technology
Sandstone Technology builds innovative digital banking solutions for financial institutions, leveraging over 25 years of expertise to enhance customer and staff experiences across retail and business banking with secure, cloud-based technology.
Recent Posts
With real-time monitoring, alerts and fail safes, Sandstone Technology’s tranche management feature is already taking worry and risk out of managing the lifecycle of deposit products.
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Topics: Digital Banking
Banking transformation for customer owned banks: play to your strengths
Posted by
Sandstone Technology on Oct 18, 2022 2:22:54 PM
After a three-year hiatus, Australia’s customer owned banks, credit unions and mutuals had a chance to re-connect in person at the 2022 Customer Owned Banking Association (COBA) event. Sandstone Technology’s Chief Customer Officer, Jennifer Harris, reports back with her observations from the convention, and more broadly, thoughts on the post-Covid shifts shaping this dynamic segment.
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Topics: Digital Banking, Origination
For almost 10 years, term deposits have taken a back seat. In fact, there are people in their 20s and 30s who have probably never considered term deposits as a banking product. And with super low interest rates the norm, why would they?
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Topics: Digital Banking
Mobile Banking Apps – The good, the bad and the ugly
Posted by
Sandstone Technology on May 23, 2022 8:47:11 AM
Mobile banking apps have traditionally been viewed as a cost centre. But this undervalues their potential to be both a sales channel, and a cost-reduction channel. They can play a key role in the digitisation of many banking processes in a digital transformation program.
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Topics: Digital Banking
Mobile Banking Apps: Inhouse vs white labeling
Posted by
Sandstone Technology on May 11, 2022 9:20:12 AM
Today, most Tier 1 banks develop their mobile banking apps inhouse. For other financial institutions, the path is not so clear. Should they custom build inhouse, maintaining absolute control, or lean on the experience of an external vendor and their white-label solution?
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Topics: Digital Banking
Digital mortgages: the future of lending, here now
Posted by
Sandstone Technology on Apr 20, 2022 10:03:10 AM
Sandstone Technology’s Chief Customer Officer, Ross Watts, explains why digital mortgages are no longer a desirable future state: they’re available now and becoming an essential tool in a bank's digital offering. For years, banks and other lenders have been describing their home loans as digital. But often that’s wishful thinking. What sits behind the scenes may be far from a true digital solution.
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Topics: Origination
Re-thinking the e-savings experience for retail and business customers
Posted by
Sandstone Technology on Mar 30, 2022 8:50:01 PM
Whether it is personalised content on your social media feeds, instructing Alexa to change the song or using FaceID to gain access to encrypted details on your smart phone, Artificial Intelligence (AI) is something we can no longer ignore and in some cases, we can’t imagine living without it.
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Topics: AI and Machine Learning
Fintech digital transformation can be made much simpler if partners are willing to drive value in the direction of their customers. With more innovation taking place in the industry, the ability to meet the customers’ needs is what sets a company apart from the rest. As the world continues along its current trajectory towards digital payments and banking services, organisations like Sandstone Technology — with multiple technological capabilities — are encouraging the adoption of fintech among consumers and businesses.
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Topics: Digital Banking
De-risking lending: how to move and scale while staying compliant
Posted by
Sandstone Technology on Nov 29, 2021 4:49:10 PM
It’s a precarious time for lenders. Up against increasing demand for a painless customer journey, feeling the pressure to compete and grow, they’re also balancing risk appetite and constant regulatory shifts. Today, many banks and financial institutions recognise that automated digital lending solutions are essential to de-risk at scale, but there are sizeable obstacles to overcome before they get there.
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Topics: Origination
Where AI meets human: getting the mix right in digital banking solutions
Posted by
Sandstone Technology on Nov 23, 2021 11:14:49 PM
AI is making a huge difference in digital banking solutions; and beyond that, in consumers’ everyday lives. For countless businesses worldwide, AI is fundamental to their operations.
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Topics: AI and Machine Learning, Digital Banking