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What's Driving Digital Banking Innovation in APAC?
What's Driving Digital Banking Innovation in APAC?

Finextra

time26-06-2025

  • Business
  • Finextra

What's Driving Digital Banking Innovation in APAC?

Providing insights on innovation in the APAC region, Will Dale, MD, APAC, Temenos and Minh Vu Hong, Head of Core Banking, Big Data & Analytics, MSB joined the FinextraTV studio at Temenos Community Forum 2025. Explaining how APAC innovation has come out of a need for creativity in order to drive financial inclusion among large populations, Dale and Vu Hong spoke about how to improve and modernise product design, deployment and investment.

KAF Digital bank goes live on Temenos
KAF Digital bank goes live on Temenos

Finextra

time03-06-2025

  • Business
  • Finextra

KAF Digital bank goes live on Temenos

Temenos (SIX: TEMN), a global leader in banking technology, today announced that KAF Digital Bank has gone live with Temenos SaaS to power its new Islamic digital bank in Malaysia. 0 KAF Digital Bank has begun onboarding early access customers, marking a significant step in its mission to redefine Islamic digital banking. This early success paves the way for a full public launch in the near future. With Temenos SaaS, KAF Digital Bank is set to deliver innovative Shariah-compliant financial solutions that simplify financial management and enhance digital convenience with a cutting-edge, user-centric banking experience. The go-live on Temenos SaaS includes comprehensive Core and Digital banking services together with Payments, Analytics, and Temenos Data Hub on Microsoft Azure cloud infrastructure. Adopting a SaaS model empowers KAF Digital Bank to focus on delivering exceptional customer experiences and driving business growth, not managing the technology. Islamic banking is a major and rapidly growing segment of Malaysia's financial sector, driven by increasing demand for Shariah-compliant financial services. Rafiza Ghazali, CEO, KAF Digital Bank, commented: 'Powered by Temenos SaaS, KAF Digital Bank is redefining Shariah-compliant banking with smarter, simpler financial solutions and a seamless, customer-first digital experience. The successful go-live and early access customer launch marks a key milestone in our journey, enabling Malaysians to take control of their financial futures with greater confidence.' Will Dale, Managing Director - APAC, Temenos, said: 'This go-live not only strengthens Temenos' regional footprint in SaaS, but also shows the unique breadth of functionality and advanced technology we deliver. With proven capabilities tailored to the Malaysian market and Islamic banking, Temenos SaaS empowers KAF Digital Bank to achieve faster time to market, greater efficiency, and drive future growth. We are proud to partner with KAF Digital Bank.'

EastWest taps Temenos for core banking revamp
EastWest taps Temenos for core banking revamp

Yahoo

time23-05-2025

  • 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.

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