Finland’s wealth manager bank Aktia, serves more than 250,000 individual and over 20,000 corporate and institutional customers. Aktia offers comprehensive banking and wealth management services through close collaboration between Aktia’s three business areas: Asset Management, Banking, and Life Insurance. In 2013, the bank chose Temenos core banking to increase flexibility and productivity, resulting in improved customer service, including shorter time to market for new products and substantial cost savings.
In 2023, Aktia selected Temenos Payments Hub to support the introduction of pan-European instant payments and consolidate all payment rail processing onto a single platform. Adding Temenos Payments Hub will allow the bank to scale, simplify, and standardize its payments operations for all customers.
“Our close partnership with Temenos is yet another step for Aktia towards our vision of becoming a leading wealth manager bank by delivering an excellent customer experience. Aktia provides private individuals, corporate customers and institutions with customer-oriented banking and financing solutions. With Temenos we can deliver the best experience for our customers with faster, more convenient, and user-friendly payment options securely and efficiently.”Anssi Huhta, Executive Vice President, Banking Business & Deputy CEO at Aktia
The move is part of a strategic platform modernization to deliver a better customer experience for domestic and cross-border payments with improved efficiencies and to meet continually changing regulatory and compliance requirements. By running core banking and payments on a robust, API-first, flexible and highly configurable platform, the bank benefits from integrated accounts and payments processing and low latency execution which is required to deliver high levels of Straight Through Processing (STP) and efficient customer experiences. Choosing Temenos’ cloud-native and cloud-agnostic platform also future-proofs Aktia’s technology strategy, enabling an initial on-premise installation with flexibility for seamless migration of its core banking and payments to the cloud or to SaaS.