We are seeing exciting developments as the banking industry explores what it means to bank in a digital world. Incumbent banks are setting up digital banks alongside their own operations, and now we are starting to see fintechs moving to become banks themselves.
By building new banks on a modern, open, digital banking platform that provides 24/7, real-time, straight through processing; challenger & neobanks are positioning themselves to provide the personalized, seamless experience consumers are looking for today.
“Today marks the start of a British banking revolution. Temenos T24 Transact gives us a competitive advantage by delivering functionality we need to support our UK business model on a single platform, which keeps costs low and delivers a single customer view that allows us to deliver superior service to our clients. We want to build fans not customers; with Temenos have a world class software provider which will help us achieve this and significantly contribute to our success in this market.”Vernon Hill, Founder, Metro Bank
A whole new world: How technology is driving the evolution of intelligent banking
Read the report to find out what Nordea, Volt Bank amongst others are thinking about digital banking
Temenos T24 Transact is a core banking system providing product definition, transaction processing, unparalleled operational scalability and functional depth for all retail banks, corporate banks and private bank and wealth managers.
Temenos Infinity drives outstanding experiences across customer journeys, from acquisition through retention.
The banks that are succeeding in today’s interconnected world have these technology traits in common