Rubik Financial Confirms Deal with Goldfields Money

Rubik Financial

Australia-listed fintech firm Rubik Financial Ltd (ASX:RFL) today confirmed that Goldfields Money (ASX:GMY) is its first Rubik Model Bank client.

“We are very pleased to be able to confirm our partnership with Goldfields Money. It’s proof that the market are responding to our offering and that the solution is in line with market demand,” said Rubik CEO Iain Dunstan.

Rubik Model Bank is Rubik’s next generation, digital banking platform specifically tailored for Australian Credit Unions, Mutuals and other Authorised Deposit-Taking Institutions.

The platform has localised Temenos’ international award winning, “front-to-back” technology used by over 2,000 financial institutions globally.

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Rubik Model Bank is able to offer a real-time, 360 degree single view of the customer at any given moment. The system has been built as a robust SaaS platform therefore removing the costly need for institutions to internally maintain or regularly upgrade their systems.

“We’ve invested heavily in what we believe is a game-changing platform for the industry and the fact that we can help clients digitally transform so quickly without significant upfront investment is very appealing,” Dunstan said.

Rubik Financial Limited (ASX:RFL) is an ASX listed fintech company that delivers innovative banking, financial services, and collections software solutions both in Australia and internationally across Asia and the Middle East.

The company has more than 150 employees servicing 930 direct clients and 23,000 end users in 12 countries.

Rubik Financial Ltd’s stock (ASX:RFL) was up 3.13 percent as of 2pm at Australian Securities Exchange. The stock was trading at 0.165 a share.

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Goldfields Money (ASX:GMY), meanwhile, is an Authorised Deposit-Taking Institution based in Western Australia and regulated by the Australian Prudential Regulation Authority.

The transition to the Rubik Bank Model is part of a new era for Goldfields Money as it advances brand initiatives supported by extensive market research to reflect superior digital services for customers and distribution partners. –