In April 2023, Regions Bank announced that they would be adopting the Temenos Banking Cloud to modernize their deposit systems and elevate the customer experience. Regions Bank has a long history of delivering an exceptional customer experience and relevant advice and guidance enabling consumers, organizations and businesses to succeed financially. The move to software as a service (SaaS) will enable them to deliver more seamless customer experiences and more personalized banking products and services designed to help consumers and businesses reach their financial goals.
“….Modernizing our core systems supports our ongoing focus on innovation and delivering value to our customers through personalized offerings and intuitive, streamlined experiences. This, in turn, paves the way for continued, sustainable growth. We look forward to collaborating with Temenos on the evolution of banking technology in the US.”John Turner, President and CEO – Regions Financial Corporation
Temenos provides core banking, lending, payments and other banking solutions to more than 1000 clients across North America, from established banks, to non-banks providing banking services (BaaS), to fintechs. The cloud-native, open platform delivered on-premise, hybrid, or on any public cloud, contains rich functionality, supports quick time-to-market, and helps clients achieve cost-to-income ratios up to half the industry average. Temenos leverages deep banking expertise to deliver an open, cloud native and highly scalable platform combined with a commitment to research and development, robust and proven localization and ongoing investment in US compliance.
….we are seeing tremendous growth in SaaS. With the best customer references such as Commerce Bank, Varo Bank and a global payments provider amongst others, and a proven US model bank which is fully compliant with US regulations, delivering advanced cloud and SaaS technology and developing US pre-configured banking capabilities, is now compelling for US banks of all sizes, even the largest to move to Temenos. We look forward to collaborating with Regions on their core banking modernization and incorporating their ideas and innovations into our platform to continue our investment and growth in the US market..”Andreas Andreades, Executive Chairman – Temenos