Media releases

Westpac extends Victorian Government banking contract

11 December, 2017

 

Westpac Institutional Bank (Westpac) is delighted that the Victorian Government has confirmed its decision to extend its partnership with Westpac as the sole provider of cash and banking services for a further two years, expiring 30 September 2020 with a one-year extension option available.
 

Westpac has a track record in global best practice public sector banking. The bank has delivered on a long standing partnership with Victoria, serving the State Government for the last 18 years and its citizens since 1851.
 

Westpac Institutional Bank Chief Executive Lyn Cobley said the Bank considers it a great privilege to work with such a forward thinking government that is delivering jobs growth and driving major infrastructure projects.

 

“We have retained this important partnership by focusing on delivering purposeful innovation that supports how Government does business and interacts with the citizens of Victoria,” Ms Cobley said.

 

“Working closely across multiple Departments and Agencies, Westpac is currently implementing a number of unique transformational solutions.

 

“The Victorian Government is both a key customer and a strategic partner, with the relationship recognised and supported at the highest levels within Westpac,” she said.

About Westpac’s public sector banking leadership
 

As the long standing transactional banker to multiple Australian Government jurisdictions and country banker to the New Zealand Government, Westpac has extensive experience to run, transform and inspire projects across the public sector to benefit the citizen experience.  This includes self-service citizen engagement models, renewable energy financing schemes, automating multi-phased manual processes, mobile payment apps, digital payroll and benefits for public sector employees.

 

The Bank’s partnership with Reinventure gives Governments’ exposure to emerging technologies to remain at the forefront of data insights, open knowledge sharing and digital collaboration.

 

These initiatives often involve multi-phase approaches and close collaboration with numerous Departments and Agencies. Strengthening relationships and developing a deep understanding of best practice public sector banking is pivotal to Westpac’s success.