Latest news with #TemenosSaaS
Yahoo
23-05-2025
- Business
- Yahoo
EastWest taps Temenos for core banking revamp
EastWest Banking in the Philippines has chosen Temenos Software as a Service (SaaS) to speed up its core banking upgrade. By integrating Temenos Core for its retail, SME, and corporate divisions, EastWest seeks to ensure a secure and 'seamless' banking experience for its clientele. The move is expected to benefit more than three million customers across the bank's 400 branches nationwide. Temenos SaaS will facilitate a comprehensive range of banking functions, including customer accounts, deposits, lending, payments, and trade finance. Additionally, this upgrade presents EastWest with the potential to explore new market segments, including wealth management. EastWest chief technology officer Barani Sundaram said: 'At EastWest, our customers are at the heart of everything we do. 'Temenos SaaS is a crucial step in our digital transformation journey, as it allows us to offer a more seamless and personalised banking experience—whether through our mobile app, branch network, or customer support channels.' The adoption of Temenos SaaS will enable EastWest to establish a unified, data-driven framework across its various business lines. This approach is anticipated to accelerate product development, enhance operational efficiency, and foster a banking environment focused on customer needs. Furthermore, the new platform is designed to offer the 'flexibility' necessary for scaling operations and integrating with fintech partners, positioning EastWest for future growth, stated the tech vendor. Temenos APAC managing director Will Dale said: 'We are proud to partner with EastWest, a major player in the Philippine banking sector, to transform its core banking in the cloud. 'The bank was looking for a SaaS solution that combined deep functionality and the latest technology, which is where Temenos excels. We look forward to supporting EastWest in driving the next phase of their impressive growth.' Recently, Temenos launched the Temenos Product Manager Copilot, aimed at helping banks design, launch, test, and optimise financial products using Gen AI technology. "EastWest taps Temenos for core banking revamp" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
20-05-2025
- Business
- Yahoo
UK's Moneycorp selects Temenos SaaS to scale global business
UK-based international payments provider adopts Temenos SaaS to increase operational efficiency and quickly launch new services around the world MADRID, Spain, May 20, 2025 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN) today announced that Moneycorp, a leading global payments and FX platform, has selected Temenos to power their next phase of products and services offering. The UK headquartered payments and FX specialist will adopt Temenos SaaS for core banking and payments to achieve speed to market and scale efficiently as it expands products and services around the world. By moving to Temenos SaaS, Moneycorp can focus on business growth while benefiting from advanced wallet and payments capabilities to deliver an enhanced client experience on a scalable, secure service. Moneycorp operates globally, with offices in Europe, North America, South America, and Asia, facilitating payments and foreign exchange transactions for corporates, financial institutions and private clients. In 2023, the company handled £71bn in trading volume serving 11,000 B2B clients, 250 financial institutions, and over 23,000 individuals. With 63 regulatory permissions worldwide, the group processes over 1 million payments annually, reaching 190 countries. With multi-geographic support, Moneycorp can seamlessly roll out new capabilities worldwide, leveraging a build-once, deploy anywhere approach across different regulatory jurisdictions. By utilizing Temenos Model Bank with pre-configured banking functionality and country-specific localization, Moneycorp will achieve faster time to value while reducing costs and delivery risk. Temenos' open, API-based architecture will simplify integration with Moneycorp's ecosystem, further accelerating innovation and enhancing operational agility. Srini Kasturi, Group Chief Technology Officer, Moneycorp, said: 'Best-in-class technology is key to delivering the seamless client experience and personalized service that Moneycorp is known for, so we're delighted to partner with Temenos, an established global leader in banking technology. Temenos' multi-country support and localization will enable us to launch new solutions quickly around the world, while running on SaaS will help us to scale efficiently while maintaining our focus on delivering our award-winning, easy to use service to customers worldwide.' Mark Yamin-Ali, Managing Director, Europe, Temenos, commented: "We're proud to partner with Moneycorp, a U.K. success story and world leading cross-border payments provider. This strategic transformation which will see Temenos underpin Moneycorp's core banking and payments ecosystem across its global operation. Moneycorp sought a SaaS solution with deep functionality and the latest technology—capabilities only Temenos could deliver—along with our expertise in Western Europe and the U.S. We look forward to working with Moneycorp to drive the next phase of their impressive growth story.' CONTACT: Scott Rowe Temenos + 44 (0) 20 7423 3857 in to access your portfolio
Finextra
20-05-2025
- Business
- Finextra
UK's Moneycorp selects Temenos SaaS to scale global business
Temenos (SIX: TEMN) today announced that Moneycorp, a leading global payments and FX platform, has selected Temenos to power their next phase of products and services offering. 0 The UK headquartered payments and FX specialist will adopt Temenos SaaS for core banking and payments to achieve speed to market and scale efficiently as it expands products and services around the world. By moving to Temenos SaaS, Moneycorp can focus on business growth while benefiting from advanced wallet and payments capabilities to deliver an enhanced client experience on a scalable, secure service. Moneycorp operates globally, with offices in Europe, North America, South America, and Asia, facilitating payments and foreign exchange transactions for corporates, financial institutions and private clients. In 2023, the company handled £71bn in trading volume serving 11,000 B2B clients, 250 financial institutions, and over 23,000 individuals. With 63 regulatory permissions worldwide, the group processes over 1 million payments annually, reaching 190 countries. With multi-geographic support, Moneycorp can seamlessly roll out new capabilities worldwide, leveraging a build-once, deploy anywhere approach across different regulatory jurisdictions. By utilizing Temenos Model Bank with pre-configured banking functionality and country-specific localization, Moneycorp will achieve faster time to value while reducing costs and delivery risk. Temenos' open, API-based architecture will simplify integration with Moneycorp's ecosystem, further accelerating innovation and enhancing operational agility. Srini Kasturi, Group Chief Technology Officer, Moneycorp, said: 'Best-in-class technology is key to delivering the seamless client experience and personalized service that Moneycorp is known for, so we're delighted to partner with Temenos, an established global leader in banking technology. Temenos' multi-country support and localization will enable us to launch new solutions quickly around the world, while running on SaaS will help us to scale efficiently while maintaining our focus on delivering our award-winning, easy to use service to customers worldwide.' Mark Yamin-Ali, Managing Director, Europe, Temenos, commented: "We're proud to partner with Moneycorp, a U.K. success story and world leading cross-border payments provider. This strategic transformation which will see Temenos underpin Moneycorp's core banking and payments ecosystem across its global operation. Moneycorp sought a SaaS solution with deep functionality and the latest technology—capabilities only Temenos could deliver—along with our expertise in Western Europe and the U.S. We look forward to working with Moneycorp to drive the next phase of their impressive growth story.'
Yahoo
05-02-2025
- Business
- Yahoo
UK's Aldermore Bank adopts Temenos tech for savings accounts
Aldermore Bank, a UK-based financial institution, has chosen Temenos SaaS to modernise its savings operations, with an initial focus on launching new savings notice accounts for small businesses. The bank plans to implement the Temenos Business & Corporate Enterprise Service. By utilising the technology provider's 'end-to-end' services for business and corporate banking, Aldermore anticipates a quick deployment of its new offerings. This is intended to support the bank's plan to expand customer deposits and open additional revenue streams. Temenos Europe managing director Mark Yamin-Ali said: 'This strategic technology investment will help us to rapidly expand our offering, providing more customer-centric solutions and exceptional experiences for the underserved small business market. 'With Temenos SaaS, we can launch new products in record time, with the agility to adapt to the changing needs of our customers.' Besides, Aldermore plans to transition its existing business savings accounts to the Temenos platform. This move will replace several legacy systems with a unified, cloud-based solution, which according to Temenos, adheres to the highest security protocols. Aldermore Bank savings commercial director Alex Myers said: 'This strategic technology investment will help us to rapidly expand our offering, providing more customer-centric solutions and exceptional experiences for the underserved small business market. 'With Temenos SaaS, we can launch new products in record time, with the agility to adapt to the changing needs of our customers.' With assets totalling £20.5bn ($25.5bn), the bank specialises in providing services to SMEs, homeowners, landlords, and intermediaries. Last month, Romania's state-owned lender CEC Bank selected Temenos to modernise its core banking for retail and corporate operations, integrating advanced payments and data analytics solutions. "UK's Aldermore Bank adopts Temenos tech for savings accounts" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
