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Rabobank to undertake digital transformation

Media release
June 18, 2018
Rabobank to undertake digital transformation for New Zealand regional network, in deal with Telstra

Rabobank Australia & New Zealand Group and telecommunications provider Telstra have signed a multi-million dollar digital transformation deal that will see more than 90 Rabobank office locations and two data centres across New Zealand and Australia upgraded to Telstra’s SD-WAN solution.

The deal forms part of Rabobank’s regional digital transformation agenda and supports the bank’s commitment to rural customers and communities.

As the world’s leading agribusiness bank and one of New Zealand’s largest rural lenders, the solution will help Rabobank service its rural customers more effectively and deliver continued service improvement.

Rabobank New Zealand CEO Todd Charteris said the digital upgrade would provide improved regional connection with Rabobank’s central and global infrastructure. “The new SD-WAN solution will provide more speed and agility for digital capabilities in the bank’s regional network (encompassing 32 locations in New Zealand), creating better experiences for our local Rabobank offices to connect with global systems to enhance turnaround times for client requests,” he said.

The deal includes a VeloCloud SD-WAN capability which will benefit Rabobank’s operational agility, improve application performance and increase overall bandwidth. Fibre internet with higher bandwidth will also replace legacy copper footprint in more than 90 locations across New Zealand and Australia, providing improved connectivity for regional operations.

The digital transformation of Rabobank’s network will enable the bank to gain increased access to business applications, evolve its network operations and legacy infrastructure, and deliver a better customer experience.

Jim Clarke, Director, Global Connectivity, Telstra Enterprise said; “Our end-to-end managed service makes it possible for Rabobank to deliver operational excellence to its regional customers, both today and in the future.”

“This is part of our ongoing commitment to collaborate closely with our customers so they are able to implement technologies to reach and better connect with their own customers.” The rollout is expected to take six months with a significant number of offices operating on the new network within the next three months.

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