New director of banking for Sword Apak’s next generation core banking system

Specialist financial systems supplier Sword Apak has promoted senior business manager Mark Elliott to director (banking division) as the company reports growing interest in its core banking system, Aurius.

Tony Allen, CEO, Sword Apak said: “As our flagship core banking product, Aurius represents a key element in the Sword Apak business offering. We are committed to build on its success as a powerful integrated financial system solution for our clients. Mark has been with Apak for 18 years and his appointment as director of banking is a natural progression and a reflection of the dedication and commitment he has shown to the Aurius product. Mark’s appointment ensures we are in a strong position as we expand and move forward.”

Last month Sword Apak announced it had won a contract with Cardiff-based Julian Hodge Bank (JHB) which has opted to use Aurius to underpin the further expansion of its service offering. Sword Apak’s proposed solution supports the commercial lending and retail deposits areas of JHB’s business with real-time integration to Hodge Lifetime, JHB’s retirement solutions business. The deal marked the company’s fourth license sale in the last 18 months.

Elliott said: “With the long-awaited upturn in the economy, banking organisations are taking a strategic look at investing in robust and flexible financial systems that address the demands of a growing and increasingly competitive market. The Aurius core banking solution is designed to meet these demands. It provides banks with the agility to respond swiftly to changes – whether in the market, in regulation or in technology – with an efficiency which is simply not possible on more traditional legacy platforms. I am excited by the opportunity to lead such a skilled and dedicated team in the development and expansion of this product.”

Sword Apak has also announced that Karen Cooper, senior business consultant, has joined the Aurius team from Sword Apak’s commercial finance division and will be providing support for the JHB account.