National Bank of Tuvalu

We are thrilled to announce that Ultradata is expanding its footprint in the South Pacific

The recent agreement with the National Bank of Tuvalu (NBT) will see us provide the best in core and digital banking for our newest client.

Seeking to make a significant improvement in the delivery of financial services and modernise the banking sector, the NBT alongside with their banking consultant Michael Rowan, selected Ultradata to provide a core banking capability for the people of Tuvalu.

The selection of Ultradata recognises our 46+ years of financial technology experience and industry understanding, including our ability to collaborate and service existing clients in the Pacific region; Papua New Guinea, Cook Islands, New Zealand and Tonga.

Ultradata was chosen as the ideal software supplier to support the NBT in its modernisation. The integration of the Ultracs 5.1 core banking system will prepare NBT to empower its customers to enjoy ‘digital self-service’ with confidence, and provide the convenience that digital banking offers.
This transformation underpins the strategic vision of the Tuvalu Government that states that an efficient financial system is essential for economic development.

“To launch a modern new core banking system and digital banking channels opens a new world of banking opportunities, and we are really pleased to make this move to serve our community. It is a very exciting development for our region, for our bank and our customers. Ultradata continue to be supportive of our objectives and we are looking forward to working with them into the future as we continue to grow banking opportunities in our region which make our customers’ banking lives easier.” Said Mr. Siose Teo, General Manager, National Bank of Tuvalu.

The NBT are preparing to implement software modules such as the My Viewpoint 3 platform - which will assist in providing ‘opportunities’ for Pacific Island countries to support financial sector development and inclusion in the region.

With Ultracs 5.1 as the core banking foundation, the NBT is set to anticipate and explore more sophisticated options as the local market grows, with card capabilities and ATM being deployed in the first phase.