Temenos, the banking software company, has continued growth exceeding 60 challenger bank clients.
The functionality of Temenos’ integrated front-to-back SaaS offering plays a key part in the collaborations, with challenger banks able to launch rapidly, scale fast, provide differentiated services to customers and grow profitably.
A myriad of digital banks – such as Alba, Alpian, Banco del Sol, Flowe, FlowBank, Lunar, Next Commercial Bank, Pepper, Varo Bank and WeLab Bank – have selected Temenos’ cloud-native, cloud-agnostic technology.
Max Chuard, Chief Executive Officer, Temenos, said: “We see great traction globally where challenger banks – free from the constraints of legacy technology – recognize the potential for Temenos’ advanced technology.
“I am proud that with our modern technology we have been helping challengers especially during the pandemic to bring new products to market faster, be more agile and grow profitably. Temenos has a relentless focus on innovation and is investing over USD 1bn in R&D in the next few years. With Temenos’ cloud-native technology, challengers benefit from lower total cost of ownership and agility, rapid innovation and can offer outstanding banking experiences.”
Temenos Infinity seeks to help challenger banks with their delivery of frictionless onboarding experiences for SMEs, while offering robust protection from fraud with financial crime mitigation, risk and compliance software.
These enhancements directly address the need – which increased during the pandemic – for banks to offer more products and services to SMEs digitally through multiple channels.