Based in Antigua and Barbuda, North International Bank (NIBank) serves customers in the Caribbean, Latin America and Europe. For its modernization project, the bank needed a technology partner with global expertise, multi-currency capabilities, cutting-edge technology, and proven reliability. NIBank has gone live with Temenos to digitally transform its retail banking and private wealth business lines. Temenos has been developing and investing in modern technology for almost 30 years. The Temenos Banking Platform will provide NIBank with flexibility, agility and the latest cloud agnostic technology to adapt to new and developing trends such as banking-as-a-service (BaaS).

Cloud computing gives banks freedom to innovate

“Investing in technology has been one of our top priorities over the past few years. We selected Temenos for its global leadership and expertise in serving over 3,000 financial institutions, and the flexibility to leverage the platform based on the size and needs of the bank. Modernizing our technology with Temenos Banking Cloud will improve our digital customer experience, increase efficiency, and propel us to the forefront of banking in the digital era. We’re very excited at the success of the project so far, and where we will go next.”

Jordán Silva Tugues, CEO at NIBank

As part of its mission to boost economic growth and provide innovative financial services, NIBank has built a robust customer base around prepaid and credit cards. NIBank’s investment in technology including the Temenos platform has allowed it to grow to 25,000 active cards today, with plans to expand relationships with global card giants MasterCard and UnionPay International. The openness and built-in APIs of Temenos Platform will enable NIBank to create a fully integrated ecosystem of technology and financial services partners. Temenos Banking Cloud enables financial institutions to easily assemble Temenos banking services and third-party solutions with composable banking capabilities.