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Volkswagen Financial Services

Steps into the banking market with robust, scalable platform

Having established itself as a leading automotive finance provider in Mexico, Volkswagen Financial Services (VWFS) planned a move into banking. To launch VW Bank Mexico, VWFS looked for a platform to support the growth of its core automotive finance business, as well as enabling new retail banking products. Impressed by the prospect of a rapid deployment, VW Bank chose Temenos core banking solution, and integrated the platform with its ERP and payment systems to ensure compliance with fast-moving local regulations. With Temenos, VW Bank has greatly expanded its portfolio with loans, savings and investment products, and increased vehicle finance agreements from 30,000 to 50,000.


City, Country

Puebla, Mexico

Products

Core Banking, Data & Analytics

Banking sector

Retail Banking