To protect its position as Finland’s third largest financial institution, Municipality Finance Plc (MuniFin) targeted an overhaul of its lending system. The company, which specializes in the financing and financial risk management of the Finnish public sector, selected Temenos Transact to support its digital transformation. By replacing legacy IT solutions with cloud-native Temenos technology, MuniFin will streamline lending processes, enhance agility and scalability and find new cost-efficiencies. At the same time, MuniFin will gain powerful functionality and boost data quality and insight, enabling the company to respond faster to changes in the marketplace and provide customers with better experiences.
”With Temenos’ proven and open technology, we will improve our efficiency and data quality, digitalization and meet evolving regulatory requirements. With this we will also be able to focus more on our customers and provide more value to our owners”Rainer Holm, Executive Vice President