Success Stories

Openbank

Launching products 10x faster

Madrid, Spain

Openbank, the digital online bank of the Santander Group, has more than 1 million customers worldwide and is considered Europe’s largest digital bank. To drive domestic and international expansion and to support the group’s digital strategy, Openbank chose Temenos T24 Transact, the next generation in core banking, to help power its operations for retail and SME banking across its global operations. Temenos Wealth was added and integrated with Temenos T24 Transact to enhance the overall digital customer experience. By adopting Temenos’ packaged and extensible software Openbank will be able to gain a deeper understanding of their customers’ needs and be fastest to market with new personalized products and services at a very low Total Cost of Ownership (TCO).

“Temenos software allows the bank to launch products in cycles that are probably 10x faster than before. We are working together with Temenos as partners to transform our business digitally from bottom up.”

Ezequel Szafir, CEO