Asian Banker Award for Alex Bank and Temenos

Award for Best Cloud Based Implementation – Small Bank recognizes implementation of end-to-end retail banking solution on Temenos Banking Cloud

Temenos – Company

Temenos is delighted to be a part of the success for Alex Bank at the Asian Banker Financial Technology Innovation Awards 2023, where the bank won in the Best Cloud Based Implementation – Small Bank category.

As Australia’s newest digital bank, Alex is disrupting the retail banking market with fast, simple, fairer and more human banking. The award recognizes the bank’s implementation of an end-to-end digital banking solution on the Temenos Banking Cloud, combining our onboarding and channel services in the front end with core banking for retail customers in the back. The straight-through processing, embedded with AI, automates processes and generates fast and simple customer journeys.

The agility and scalability of the cloud means that Alex Bank can grow sustainably as it reaches its targets while maintaining reliability and security. Our SaaS solution gives Alex Bank total control to deploy banking services that are easy to consume, configure and integrate with external applications as it continues to grow its product portfolio and customer base. This has allowed the bank to offer better consumer credit options, like fast, competitive loans with no upfront, ongoing or hidden fees, and to continue improving the banking experience of Australians.

The Asian Banker award programs are among the most comprehensive and transparent in the financial services industry. Their Financial Technology Innovation Awards identify the best examples of cooperation between financial institutions and their strategic IT service providers, and how these cases exemplify industry-leading innovations. This is based on a rigorous and impartial evaluation process, which measures both project implementation and sustainable business impact.

This is just one of many successes for the Temenos Banking Cloud, which is now used by over 700 financial institutions around the world, covering all banking segments from established retail, corporate and private banks, to credit unions, fund administrators and neo-bank challengers. The award from the Asian Banker further highlights the strength of our SaaS proposition and enhances our reputation for innovation in the market. Congratulations to everyone from Alex Bank and Temenos involved in this success.

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