Banco Azul started in 2015 as the first real local bank in El Salvador. Its goal was to challenge the foreign-owned finance giants who dominate the banking market with superior service and products. To achieve this and support its growth, Banco Azul uses Temenos core banking solutions. The platform enables the bank to bring products to market rapidly and manage thousands of customer accounts. In a short space of time, Banco Azul has onboarded 46,000 customers and now manages 29,000 loans—and with Temenos on its side, it is well on its way to seizing 5% of the banking market in El Salvador by 2020.
Video testimonial about Banco Azul's digital transformation with TEMENOS T24.