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Customer Owned

Can customer-owned banking institutions modernise their core infrastructure to compete with the big four Australian banks while preserving their member-first model?

HQAustralia
IndustryFintech / SMB banking
The story

Customer Owned (also referenced as 'Customer Owned Banking') is an Australian financial institution or banking platform associated with the customer-owned banking sector (mutual banks, credit unions, building societies). The IBS Intelligence listing indicates a modernisation initiative involving Cognizant, suggesting a technology transformation project. Beyond this, public footprint is limited.

Last 12 months
Product timeline
2023
Beyond Bank and Cognizant announced a partnership to modernise Customer Owned Banking infrastructure, as listed by IBS Intelligence.· banking
The stack
Accounting gap: none