Sandstone Technology Company Profile

Background

Founded in 1996, Sandstone Technology is an Australian fintech company specializing in digital banking solutions. The company's mission is to transform banking experiences by delivering innovative solutions that enhance customer journeys and streamline employee processes. With over 25 years in the industry, Sandstone Technology has established a strong presence across Australia, New Zealand, Asia, and the United Kingdom, serving more than 30 financial institutions.

Key Strategic Focus

Sandstone Technology focuses on providing end-to-end digital solutions for financial institutions, encompassing:

Loan Origination: Streamlining the loan application process to reduce approval times and enhance customer satisfaction.

Digital Banking: Offering internet and mobile banking platforms that enable customers to manage their finances anytime, anywhere.

Digital Origination: Facilitating seamless digital onboarding for new customers, improving acquisition rates and user experience.

These solutions are designed to increase customer retention, improve operational efficiency, and ensure compliance within the banking sector.

Financials and Funding

As of June 2025, Sandstone Technology reported an estimated annual revenue of $75 million. The company employs approximately 309 professionals across its global offices. Specific details regarding funding history and valuation are not publicly disclosed.

Technological Platform and Innovation

Sandstone Technology's proprietary BXP platform is a comprehensive digital banking solution that offers:

Native Mobile Applications: Providing a seamless user experience across various devices.

Digital Experience Platform Support: Enabling financial institutions to develop and customize functionalities to meet specific needs.

Kubernetes Support: Enhancing scalability and deployment efficiency.

Integration with DIVA Solution: Offering advanced data analysis capabilities to drive informed decision-making.

These technological advancements position Sandstone Technology as a leader in the digital banking platforms market.

Leadership Team

The leadership team at Sandstone Technology comprises experienced professionals dedicated to driving the company's vision:

Abhish Saha: Chief Executive Officer

Anthony McKew: Chief Technology Officer

Jennifer Harris: Chief Customer Officer

Michelle Carroll: Chief Delivery Officer

These leaders bring a wealth of experience in technology and financial services, steering the company towards continued innovation and growth.

Leadership Changes

In July 2022, Abhish Saha was appointed as CEO, bringing extensive experience in digital banking and strategic leadership. In January 2023, Anthony McKew joined as Chief Technology Officer, contributing his expertise in technology development and innovation.

Competitor Profile

Market Insights and Dynamics

The digital banking solutions market is experiencing significant growth, driven by the increasing demand for seamless and efficient banking experiences. Financial institutions are investing in digital transformation to meet customer expectations and remain competitive.

Competitor Analysis

Key competitors in the digital banking solutions space include:

Backbase: Offers a comprehensive digital banking platform focusing on customer experience and engagement.

Technisys: Provides a cloud-native digital banking platform enabling financial institutions to create personalized experiences.

Mambu: Delivers a SaaS banking platform that supports various banking and lending operations.

These companies, along with others like Tata Consultancy Services and Finastra, contribute to a competitive landscape where innovation and customer-centric solutions are paramount.

Strategic Collaborations and Partnerships

Sandstone Technology has established significant partnerships to enhance its offerings:

Chetwood Financial Limited: Collaborated to deliver a new digital savings platform, demonstrating the company's capability in developing tailored solutions.

Bendigo and Adelaide Bank: Partnered to transform and streamline loan processing systems, improving operational efficiency.

Brilliance Financial Technology: Integrated risk-based pricing into their loan origination platform, enhancing lending solutions.

These collaborations underscore Sandstone Technology's commitment to innovation and customer-centric solutions.

Operational Insights

Sandstone Technology's strategic focus on digital banking solutions positions it competitively in the fintech industry. The company's emphasis on customer experience, technological innovation, and strategic partnerships provides distinct advantages over competitors. By continuously evolving its product suite and maintaining a customer-centric approach, Sandstone Technology effectively addresses the dynamic needs of financial institutions.

Strategic Opportunities and Future Directions

Looking ahead, Sandstone Technology aims to expand its presence in the UK market, building on its existing customer base. The company is also focusing on self-service lending solutions, anticipating a shift towards consumer self-service in the post-pandemic era. By leveraging its technological expertise and understanding of market trends, Sandstone Technology is well-positioned to capitalize on emerging opportunities and drive future growth.