Mon, Dec 23 2024

The Bank-as-a-Service platform is unveiled by GCI Consulting and Moroku.

March 18, 2024
2 Min Reads

A collaborative partnership between GCI Consulting and Moroku has introduced their state-of-the-art Bank-as-a-Service (BaaS) technology, with the potential to completely transform the financial environment.

This innovative solution effortlessly integrates Moroku Money's award-winning digital channels offering with the strong foundation of the Temenos Australian Community Banking Solution.

Using BaaS to Empower Financial Institutions

Credit unions, community banks, and challenger banks are among the financial institutions that will benefit from the GCI-Moroku BaaS platform. This is what makes it unique:

  1. Temenos Community Banking Solution for Australia: This platform, which is based on the tried-and-true Temenos Financial Inclusion system, is specifically designed to meet the demands of smaller Australian banks and challengers. It enables quick implementation times—as little as 24 weeks—and complies with local regulatory standards.
  2. The Emotional Intelligence of Moroku Money: Our platform is supported by Moroku's acclaimed interaction platform, Odyssey, setting it apart from other BaaS offerings. This emotional intelligence injection promotes loyalty and stronger consumer relationships.
  3. Excellence in Integration and Deployment: With 20 years of Temenos experience under our belt, GCI Consulting is the partner of choice for end-to-end transformation success. GCI handles every aspect, including testing, data migration, installation, sales, and post-live support1.

 

Important characteristics of the GCI Moroku BaaS Platform:
• Australian cloud-based core banking.
• Multi-cloud: Dispersed throughout AWS and Azure
• Digital Onboarding: A more efficient way to onboard customers.
• Internet and Mobile Banking: The Modern Customer Experience in Digital Banking
• Mobile First/Cloud Resident: Agile and scalable
• Large Language Model priming: LLM compression by using game theory to refine the data models and absorb a wide range of transactional and behavioral data from core systems and Open Banking. 
• Open Banking and Digital Identity Verification: Compliance-ready.
 Statements from Important Parties

 

"Our mission is to empower financial institutions with innovative solutions," says Chris Walne, CEO of GCI Consulting. With its unique combination of technology, agility, and deployment, migration, and operation experience with Temenos, the GCI-Moroku BaaS platform is revolutionary. Community banks in Australia may develop, change, and compete with the assurance of an excellent end-to-end technological platform when combined with Moroku's digital channels.

 

"Moroku's digital engagement platform adds a human touch to digital banking while priming AI to reduce the cost and complexity of the computational challenges facing the industry," says Colin Weir, the company's founder and CEO. In collaboration with GCI Consulting and Temenos, we are transforming the provision of financial services. We are thrilled to be able to support community banks and credit unions across Australia in staying relevant and providing for their clients in the face of increasing competition and expectations.

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