Westpac confirmed as banker to NSW Government
13 December, 2018
Westpac Institutional Bank today confirmed it has been appointed by the New South Wales Government to provide banking services for at least the next three years.
Westpac was selected as part of a multi-bank strategy following a rigorous open review process and will continue its longstanding relationship with the NSW Government, which now spans more than 190 years.
Chief Executive, Westpac Institutional Bank, Lyn Cobley said: “Westpac has been able to deliver a set of innovative solutions that will help change the way Government interacts with the people of NSW.
“We are proud to have the depth of relationship and be able to partner with the NSW Government on its transformation journey to deliver better service to the people of NSW.”
Westpac’s ongoing investment in technology and its commitment to innovation now sees the bank as a market leader, with purposeful innovation inherent in a deep understanding of customers’ needs and dedication to improving the well-being of citizens and communities.
Di Challenor, General Manager, Global Transaction Services, said: “Initiatives like the Digital Institutional Bank, Australia’s first core digital banking platform dedicated solely to the needs of institutional customers, and our new Payments as a Service platform demonstrate our broad depth of capability and ability to develop solutions that solve our customers transformation needs.”
“The next phase of our relationship with the NSW Government will redefine the market and underpin the State’s Treasury transformation.”
Westpac welcomes the opportunity to work with Fintechs and other financial institutions to deliver the innovation and transformation agenda the NSW Government requires.
The appointment by the NSW Government confirms Westpac’s position as Australia’s leading public sector bank. In addition to the NSW Government business, Westpac is the primary banking services provider to the Victoria, Tasmania, ACT and New Zealand Governments and a major banker to Commonwealth Government agencies.
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