Given Bank of Shanghai's legacy applications were siloed by a line of business, retail and corporate, this provided the opportunity to move each line of business to the new Temenos Transact system independently of one another.
NCBA went live in 5 months because they were able to launch so quickly, they massively exceeded their business case targets. In the first 3 weeks, they onboarded more than 850,000 customers, and processed over 5 million transactions.
Pre-configured UK Model Bank functionality will help AlbaCo to meet its regulatory compliance goals, while the cloud deployment using Temenos SaaS will keep costs low and contribute to a fast return on investment.
Challenger Banks, Cloud & SaaS, Core Banking, Digital Front Office, Payments, Small Business Banking
With Temenos Transact and Temenos Infinity, BFS expects to dramatically accelerate customer onboarding, cut loan application and origination times, speed time-to-market for new products and services, and reduce total cost of ownership.
Challenger Banks, Cloud & SaaS, Core Banking, Digital Front Office, Financial Inclusion, Retail Banking
FlowBank promises “Seriously Simple Swiss Banking” that makes it easy for investors to manage their portfolio. After gaining a banking license in July 2020, the Geneva-based operation now wants to go to market by the end of the year.
Banco Mediolanum launched Flowe in June 2020 with a unique vision. Targeted at a younger demographic that demands a more ethical and innovative approach, Flowe will be an environmentally-friendly digital bank that not only helps customers to build a sustainable financial future, but also partners with reforestation schemes and uses recycled wood for its payment cards.
If you could build a bank from scratch, what would you do differently to established players? This question sparked the idea for Grasshopper Bank—the first 100 percent digital commercial bank in the U.S. Targeting the booming innovation ecosystem, Grasshopper Bank aims to offer anytime, anywhere banking services to born-online start-ups and technology companies.