Temenos News Room

Temenos today announced that Bank of Queensland (BOQ) has gone live with retail banking services on Temenos Banking Cloud for customers served under the BOQ and Virgin Money brands. Work has commenced on the migration of BOQ’s ME brand to Temenos Banking Cloud

North International Bank (NIBank) is to leverage the Temenos banking cloud in the development of its own banking-as-a-service (BaaS) platform.

Bank of Queensland intends to go “all-in” on public cloud and “exit its traditional data centres” under a plan taken to the bank’s board for approval.

Embedded finance is one of the biggest trends set to impact the financial industry this decade. The implementation of the PSD2 directive, and the introduction of open banking services, were the prelude to embedded finance, which has integrated certain banking services into retailer and e-commerce platform experiences.

The global brand and implementation consultancy built Temenos’ new brand positioning and identity around the concept of making it ‘Everyone’s banking platform’, further underlining the firm’s commitment to powering a world of banking that creates opportunities for everyone. Principle’s extensive work covered everything from a logo transformation to a brighter colour palette.

A study by composable banking platform Temenos has found that three in five – 60% – of UK adults use embedded finance services when shopping online.