Digital-only Banco del Sol is targeting a top-three position in the Argentine retail banking market, followed by an expansion into the SME space that comprises 99 percent of the country’s businesses. To build a compelling service proposition, the bank worked with Temenos partner GlobalLogic to implement Temenos Transact, Temenos Financial Mitigation, and Temenos Data & Analytics — gaining integrated core banking, fraud detection, and reporting capabilities. The bank can now launch new services quickly, scale its operations seamlessly, and deliver a consistently high-quality client experience. With more consumers using online services than ever due to COVID-19, this innovative digital presence will help Banco del Sol to achieve its growth objectives.
“We were impressed with Temenos’ proven experience and expertise with both established banks and digital start-ups. That expertise and the company’s relentless commitment to product innovation makes us confident that they will be able to provide the technology we need to meet the highest digital experience of consumers and small business owners across Argentina.”Spokeperson at the bank