Success Stories

Virgin Money Australia

Launches the digital bank of the future

Queensland, Australia

VMA-square-report-2020-Mar-12

As part of its digital transformation program, Bank of Queensland unveiled a technology strategy that will drive differentiated customer experiences and sustainable growth through its subsidiary, Virgin Mobile Australia.

Virgin Money Australia will leverage Temenos’ front-to-back SaaS offering with Temenos Transact, the next generation in core banking and Temenos Infinity, the leading omnichannel digital banking product. Accessing the solution through a subscription model, Virgin Money Australia will be able to scale usage based on its business growth.

“The new Digital Bank will deliver a truly differentiated and exciting Virgin experience. Importantly, Virgin Money Australia is uniquely positioned to build on our existing relationships with more than 200,000 loyal customers and a home loan portfolio that has quickly grown to more than $3 billion to effectively compete in the Australian market with challenger and incumbent banks alike.”

Greg Boyle, Virgin Money Australia CEO