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.
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
Demand for digital banking has surged in Malaysia since the COVID-19 pandemic, as lockdown measures have prevented citizens from accessing branch-based services. To meet the need for easy-to-use online and…
Following an extensive intelligence gathering exercise, SCU selected Temenos Inclusive Banking Suite as its new core platform. The solution provides SCU with access to the Temenos Transact core banking solution in a configuration specifically designed for credit unions and microfinance institutions rather than large-scale commercial banks.