With more than 80 million customers worldwide, the global financial group Garanti BBVA International (GBI) is striving to become a shining example of a modern, digitalized bank. GBI serves retail, corporate, and institutional clientele. Furthermore, they offer financial solutions in trade and commodity finance (TCF), corporate banking, cash management and Global Markets Sales. GBI is moving to the cloud using the Temenos Banking Cloud as a system of record for its retail and corporate business in the Netherlands and Germany.

The move to Temenos Software-as-a-Service (SaaS) for core banking is crucial to the bank’s digital transformation. It gives GBI the business agility and speed to improve its operations and lower costs. Temenos banking services, including General Ledger, Accounts, Collections, Data Analytics and Payments, will underpin the bank’s entire retail and corporate banking business. Empowering GBI to future-proof its IT infrastructure, move from a Capex to an Opex model, and focus on growth, particularly its Global Markets Sales and TCF business.

“At GBI, we have adopted a cloud-first strategy to prepare the bank for the future, transforming our services for the open, digital age. We knew we needed a next-generation core to support our growth and product innovation ambitions, and Temenos was the obvious choice. On Temenos Banking Cloud, we can connect to the financial ecosystem and bring new products to market at a lower cost to build a sustainable business and with the flexibility to adapt to new opportunities.”

Marco Witteveen, COO/CIO at Garanti BBVA International