Latest news with #Temenos
Finextra
9 hours ago
- Business
- Finextra
MuchBetter adds Temenos-powered business accounts
MuchBetter, the award-winning fintech innovator, has introduced a next generation business account offering, MuchBetter Business (MBB). 6 Built on an advanced, cloud-native core banking solution from Temenos, and supported by NatWest and SWIFT, MBB is designed to meet the needs of businesses in specialised sectors that face barriers to traditional banking access. MBB delivers a trusted, secure, and reliable alternative to legacy banking services. With access to operational accounts and dedicated safeguarding accounts—available in 35 currencies—the offering empowers businesses to operate globally with confidence. Key features include advanced web and mobile apps for seamless account management and payment approvals, customisable approval workflows for secure, role-based transaction control, global payment rails for UK, Eurozone, and international transfers, real-time FX execution with competitive rates, and accelerated digital onboarding with biometric ID&V and KYB compliance. The MuchBetter Business offering is designed with user experience and security at its core. Business users benefit from a clean, responsive interface that supports flexible payment approval workflows. Permissions can be tailored to define who can initiate and approve transactions, including multi-signatory rules for high-value payments. Notifications are delivered across web and mobile, enabling approvals on the go. While customers interact with the offering via the MBB Mobile and Web apps, it is underpinned by robust technology powered by Temenos SaaS. This comprehensive, scalable banking solution supports real-time transaction monitoring and processing, advanced financial crime prevention tools, treasury management, and efficient payment routing. All client funds are safeguarded with tier-one partner bank NatWest, ensuring security and regulatory assurance at every level. Temenos powers over 950 banks globally and is recognised for its expertise in SaaS banking. Its market-leading core banking suite and best-in-class modular solutions are transforming the banking industry by fostering digital excellence and innovation, helping financial institutions to thrive in today's increasingly dynamic markets. 'MuchBetter has made substantial investments in our banking platform to ensure that we provide our customers with the most reliable and secure services. says Gary Hill, CIO of MuchBetter. By partnering with Temenos as a globally trusted technology partner we offer our customers the reliability and performance trusted by major banking institutions across the globe. This ensures they have a smooth customer experience and peace of mind.' Mark Yamin-Ali, Managing Director, Europe, Temenos added: 'Congratulations to Gary, his team and the MuchBetter organization on the launch of their next-generation business account using Temenos SaaS. This is a great example of how Temenos partners with financial institutions to leverage the deep functionality, agility and scalability of Temenos SaaS to accelerate innovation and elevate customer experience.' MuchBetter's infrastructure is further strengthened by its direct membership with SWIFT, enabling secure, compliant cross-border payments, and its collaboration with a tier-one UK bank that provides safeguarding and FX services. With a rapidly expanding suite of B2B and B2C offerings, MuchBetter is building a full-service financial ecosystem that includes wallets, wearables, gateway services, and white-label payment solutions. The MuchBetter Business platform forms the foundation of this vision, allowing MuchBetter to serve both ends of the financial spectrum, from individual users to large multinational enterprises.
Yahoo
10 hours ago
- Business
- Yahoo
Temenos Named Best Core Banking System at Banking Tech Awards USA
Prestigious industry award recognizes Temenos' US banking capabilities and innovation GRAND-LANCY, Switzerland, June 02, 2025 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN), a global leader in banking technology, today announced it has received the award for Best Core Banking System at the Banking Tech Awards USA 2025. These prestigious industry awards recognize the cutting-edge innovations and outstanding achievements driving the future of banking technology across the United States. With its best-of-suite core banking and modular core solutions, Temenos offers US financial institutions choice, flexibility and a proven path to banking modernization – all underpinned with cloud-native architecture, and embedded AI. Trusted by over 950 banks around the world, Temenos' core banking software can be deployed on-premises, in the cloud, or as SaaS. US financial institutions using Temenos also benefit from robust regionalization, pre-configured banking capabilities for the US market, and a Model Bank framework which enables faster, more cost-efficient implementation. Rodrigo Silva, President Americas, Temenos, commented: 'Winning this major award demonstrates the strength and depth of Temenos' US banking capabilities, as well as our continued investment in this strategic growth market, which is helping to drive innovation in the US banking industry. With its advanced functionality, US-specific capabilities and flexible deployment options, Temenos is a compelling choice for US financial institutions.' Temenos has further strengthened its commitment to innovation for the US market with the announcement of a new Innovation Hub in Central Florida. This modern, collaborative space will be home to around 200 technology and product developers, enabling co-innovation with US financial institutions and fueling cutting-edge research and development for US-specific solutions. Investing around 20% of revenues in R&D, Temenos continues to enhance its core banking suite. Recent innovations include the launch of a Gen AI Copilot to help financial institutions design, launch, test and optimize financial products faster. The tool makes it easier for banking employees to access the full breadth of Temenos' core banking functionality in a simple, conversational way. This builds on Temenos' existing leadership in AI, with its launch of the first Responsible Generative AI solutions for core banking in 2024. Temenos was also named a Leader in the IDC MarketScape for North America Digital Core Banking Platforms 2024 Vendor Assessment and in the The Forrester Wave™: Digital Banking Processing Platforms, Q4 2024. CONTACT: Scott Rowe Temenos + 44 (0) 20 7423 3857 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arab News
2 days ago
- Business
- Arab News
STC Bank wins Temenos' ‘Fast Track Growth' award
STC Bank has been awarded the Fast Track Growth award at the annual Temenos Forward Awards in Madrid, Spain, in acknowledgment of its remarkable growth in users since its launch as a full-fledged digital bank just three months ago. STC Bank is one of the leading digital banks in the Kingdom. It began its journey as a digital wallet before transitioning into a fully licensed digital bank under the supervision of the Saudi Central Bank. The bank's rapid growth is attributed to its ease of use and innovative features, such as instant money transfers via mobile number, competitive rates on international remittances, bill payments, and more. Existing wallet users can seamlessly migrate to the bank's platform, while new customers can open a bank account in less than two minutes. Temenos, a global leader in banking software for more than 32 years, has been instrumental in supporting the banking sector through its core banking platform, Temenos Core. This platform empowers users with access to modern digital lending and deposit solutions. With Temenos Core, the bank has successfully launched a microservice and data-driven architecture and is expanding into innovative lending and digital deposit solutions, reinforcing its strategy of modular, data-driven offerings. This collaboration supports STC Bank's commitment to adopting advanced technology to redefine banking standards in the Kingdom and the broader GCC region.
Zawya
5 days ago
- Business
- Zawya
STC Bank wins Temenos' Fast Track Growth Award
Riyadh, Saudi Arabia: STC Bank has been awarded the Fast Track Growth award at the annual Temenos Forward Awards, in acknowledgment of its remarkable growth in users since its launch as a full-fledged digital bank just three months ago. STC Bank is one of the leading digital banks in the Kingdom of Saudi Arabia. It began its journey as a digital wallet before transitioning into a fully licensed digital bank under the supervision of the Saudi Central Bank (SAMA). The bank's rapid growth is attributed to its ease of use and innovative features, such as instant money transfers via mobile number, competitive rates on international remittances, bill payments, and more. Existing wallet users can seamlessly migrate to the bank's platform, while new customers can open a bank account in less than two minutes. Temenos, a global leader in banking software for over 32 years, has been instrumental in supporting the banking sector through its core banking platform, Temenos Core. This platform empowers users with access to modern digital lending and deposit solutions. The collaboration with Temenos supports STC Bank's commitment to adopting advanced technology and innovation to redefine banking standards in the Kingdom and the broader GCC region. For more information or to explore STC Bank's features, download the app on the Apple App Store or Google Play, or visit For more information about STC Bank, please visit:
Yahoo
5 days ago
- Business
- Yahoo
Temenos Forward Awards celebrate banks leading the way in innovation
Customer awards at Temenos Community Forum 2025 recognize the leaders and innovators in the banking industry GRAND-LANCY, Switzerland, May 29, 2025 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN), a global leader in banking technology, today announced the winners of the Temenos Forward Awards 2025, which recognize the innovation of Temenos customers who are leading the way in the banking industry. Jean-Pierre Brulard, Chief Executive Officer, Temenos, commented: 'As banks adapt to changing customer demands and the opportunities and challenges of transformative technologies such as Generative AI, the Temenos community is shaping the future of finance. We are delighted to recognize the success of banks at the forefront of innovation with our Temenos Forward Awards. Congratulations to all our award winners. Together, we are leading banking forward.' The following awards were selected by a judging panel comprised of Temenos executives, previous award winners, journalists and industry analysts. Future-Ready Banking Award – Santander International In 2024, Santander International became the first Temenos client to utilize lending on the Temenos SaaS Foundation Platform. Throughout the program it has transitioned to a near-zero customization SaaS architecture with integrations that enhance customer analysis and reporting, demonstrating Santander International's commitment to agility and customer-centric solutions. Customer Experience Excellence Award – PC Financial Part of Loblaw Companies Limited, Canada's leading food and pharmacy retailer, PC Financial offers a range of financial products designed to deliver on the company's purpose – helping Canadians Live Life Well. The retailer went live on Temenos SaaS in just six months and has raised the bar in digital banking with the launch of an innovative new savings feature for the PC Money Account. PC Financial is seeing strong customer engagement with this feature and stands out with a unique customer experience strategy that seamlessly blends everyday banking products with retail offerings. Fast Track Growth Award – STC Bank STC Bank has emerged as a fintech leader in Saudi Arabia, transforming from STC Pay into STC Bank as a fully licensed digital bank. This evolution highlights its strategic investment in cutting-edge technologies and innovation to redefine banking services standards in the region. With Temenos Core, the bank has successfully launched a microservice and data-driven architecture and is expanding into innovative lending and digital deposit solutions, reinforcing its strategy of modular, data-driven offerings. Digital Transformation Award – Credem Credem, a prominent Italian bank, has emerged as a digital banking frontrunner through its deep commitment to innovation and client-centric experiences. Having launched several new mobile apps using Temenos Digital, the bank offers a seamless, consistent experience for Retail, SME, and Private Wealth clients. In 2024, Credem successfully launched a new Retail Online Banking (OLB) platform as well as a completely redesigned mobile banking interface, leading to a significantly enhanced user experience and a marked improvement in its AppStore ratings. Ambassador Award – Jihyun Lee (Bank Julius Baer) As Head of IT APAC and Global Core Banking at Bank Julius Baer, Jihyun has consistently demonstrated visionary leadership, driving transformative projects that redefine modern core banking systems. Her expertise in pioneering innovations such as fully automated CI/CD pipelines and real-time integration patterns has positioned her as a trusted strategic partner within the Temenos community. Jihyun's commitment to excellence and her ability to foster collaborative relationships make her a true ambassador of Temenos' values and a thought leader in the industry. Additionally, the following clients were chosen for a People's Choice Award for their successful deployment of an innovative solution. Voting was conducted by a jury, as well as peers on social media. People's Choice Award (Banking Innovation) – MIDBANK Established in 1975, MIDBANK provides retail, corporate, and investment banking services across Egypt. The bank has modernized its core and digital banking operations with Temenos to enhance efficiency and customer experience. This has led to a 30% reduction in processing times for transactions, projected annual savings of 20% in operational costs due to improved automation and streamlined workflows, and 25% higher customer satisfaction scores within the first six months of its migration. People's Choice Award (Banking Innovation) – EQ Bank EQ Bank is Canada's first-born digital bank, showing Canadians how banking can – and should – be better. In collaboration with Temenos and Microsoft, EQ Bank developed the TDH-EQB Fabric environment – an innovative solution enabling near real-time data access within the Temenos Data Hub (TDH) environment. This initiative delivers significant benefits to both EQ Bank and Temenos by enhancing performance, optimizing operational efficiency, and enabling faster insights. CONTACT: Scott Rowe Temenos + 44 (0) 20 7423 3857 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
