O-Bank Wins Award for Product Innovation at the 2017 Temenos Community Forum
London, 24 May, 2017 – Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announced that O-Bank Co., Ltd. won the Product Innovation Award at the 2017 Temenos Community Forum, held in Lisbon, Portugal.
The award recognises a bank or financial institution that has successfully differentiated itself within its market and from its competitors, using a Temenos product. Taiwan-based O-Bank, which uses Temenos' Core Banking Platform, edged out four other nominees to emerge as the winner.
Tom Lin, Executive Vice President, Retail Banking Information Technology Department, O-Bank said:
"This award from Temenos is testimony to our position as a nimble and digitally-focused boutique lender. As Taiwan's first digitally-focused retail bank, our digital banking services need to be robust, user-friendly, and capable of quickly responding to our customers' banking needs. By partnering with Temenos, we are able to rapidly bring new products to market, drive efficiency in resource and performance management, and further reduce operational costs. Temenos has enabled O-Bank to redefine banking – we are able to offer our customers better rates, more rewards, faster on-boarding and credit decisions than any of our competitors."
Martin Frick, Managing Director, Asia Pacific, Temenos, shared:
"We are thrilled to recognise O-Bank for the team's impressive success at digital transformation. O-Bank stood out by demonstrating how it has leveraged Temenos' Core Banking software to provide a full array of best-in-class digital banking offerings. Its competitive edge in the industry highlight the benefits of digital renovation in all areas beyond simple channel replacement. Temenos is honoured to have contributed to O-Bank's success."
The Temenos Community Forum is an annual conference that brings together Temenos' customers, partners, investors, members of the media and industry analysts to discuss the most critical issues impacting the industry. The 2017 event drew over 1200 participants. During the two-day event, participants learned about the industry's success stories and joined breakout sessions on a wide variety of product and industry related topics. One of the key highlights of the event was the Innovation Jam, during which Temenos and partners presented their latest technology offerings.