CommBank modernises core platform with SAP powering nearly 40 per cent of Australia’s financial transactions.
Presented by SAP
Upgrading its core banking platform was key to unlocking the speed, agility and automation needed to meet its customer service ambitions. The project delivered a modern cloud native foundation to embed AI across the bank and support innovation, resilience and long-term growth across Australia’s financial system.
For Victoria Ledda, CommBank CIO for Business Technology, the significance of the transformation extends well beyond the bank itself. “Our core banking platform is one of the most critical pieces of technology in Australia, underpinning around 40 per cent of transactions across the economy”.
Considered the largest of its kind in the Southern Hemisphere, the upgrade means the bank can deliver faster, more reliable services today, while laying the groundwork to use AI, scale more efficiently and compete with the world’s top banks.
“Successfully upgrading and moving it to the cloud gives us the speed, resilience and scalability required to meet the evolving needs of our customers and the broader economy. We’re positioned to deliver faster, more reliable services while creating space for greater personalisation and continuous innovation,” says Ledda.
“Modernising our core strengthens the foundation for our AI ambitions, while reducing reliance on legacy skills, simplifying integration across our ecosystem and unlocking the flexibility to scale with demand.”
AI-powered tech
SAP was selected as the preferred solution provider following an extensive market review, supported by SAP Fioneer’s specialist banking expertise.
According to Simon Davies, CommBank General Manager of Core Banking, the upgrade allows the bank to leverage advanced capabilities such as predictive anomaly detection and self-healing, enabling the platform to learn and adapt over time.
“We saw an opportunity for us to fundamentally rethink how we manage and evolve this technology stack for the future, so what we ultimately ended up moving to was fully automated, top-to-bottom infrastructure,” says Davies.
“Where we had hundreds of manual touchpoints a month, all that now happens automatically.”
Delivering the upgrade required close collaboration with SAP to engineer the new platform to meet the resilient performance expectations of a modern bank.
Extensive testing of multiple scenarios was critical to maintaining service continuity throughout the transition.
“It felt like preparing for the moon landing at times,” says Davies.
The result is a future-ready core banking platform that supports innovation, strengthens operational resilience and enables the bank to continue playing a critical role in Australia’s economy.
Find out more at SAP.
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