Challenger Banks Solution
A SaaS-enabled solution that allows banks to rapidly launch new businesses in new geographies and sectors.
Launch Fast, Launch Efficiently
Challenger banks need to establish an operational capacity quickly and cheaply so that they can start to service new customers as soon as possible. Temenos’ model bank and process-driven implementation approach enable them to do exactly this.
Gain Customers Quickly
New banks do not have any customers. Since all banking revenue comes from counterparties and customers, the ability to both attract and onboard new customers quickly is key to success in this sector. Temenos’ Infinity digital offering offers customer engagement, conversational marketing and unprecedented efficiency in client onboarding and product origination.
Scale Operations to Business Growth
Cloud-native and cloud-agnostic solutions that we provide reduce the fixed costs of operations and allow banks to elastically scale as needed and on-demand.
Ecosystem Driven Offering
A full and competitive solution is more easily assembled when core elements are provided by the challenger bank. Added value items are then sourced from the financial and technology ecosystem. Temenos’ open APIs enable easy integration and innovation, while the Temenos MarketPlace also offers a curated collection of innovative FinTech providers, whose solutions are pre-integrated with our software.
Judo Bank Success Story
Judo Bank is the first Challenger Bank to be launched in Australia focused on the SME segment intending to build relationships with companies with turnover of up to AUD50M. Judo went “from whoa to go in 12 weeks” implementing a full core banking system in the cloud, an unheard of and out of this world project plan!
Temenos Infinity drives outstanding experiences across customer journeys, from acquisition through retention.
Combining cutting edge banking technology with flexible and extensive business support
A universal end-to-end payments solution based on ISO 20022 standards and support for all payment types.
A comprehensive Reporting, Analytics and Business Intelligence product allowing banks to be more efficient and profitable by providing robust, banking specific, financial, profitability, customer, and digital analytics.
Regional functionality for over 150 countries using our packaged model bank framework to go-live faster.
Address fraud, remain compliant with regulations and manage risk with our modular products.
Covering watchlist screening, anti-money laundering, fraud prevention and KYC, our uniquely flexible range of intelligent and versatile solutions enhance detection and reduce cost.
Customer Success Stories
Following an extensive intelligence gathering exercise, SCU selected Temenos Inclusive Banking Suite as its new core platform. The solution provides SCU with access to the Temenos Transact core banking solution in a configuration specifically designed for credit unions and microfinance institutions rather than large-scale commercial banks.
By embracing the Temenos core banking platform and automating many of its key business processes, Equitas Small Finance Bank has grown from 500,000 to 1.4 million customers with no increase in headcount.
With Temenos Transact and Temenos Infinity, BFS expects to dramatically accelerate customer onboarding, cut loan application and origination times, speed time-to-market for new products and services, and reduce total cost of ownership.
Read the Success Story
“Temenos was the only provider that was able to deliver on all three of our key requirements: cloud, interoperability and open APIs. With Temenos Transact, deployed in the Temenos Cloud, we’re confident that we have a world-class core banking system that will scale with us as we grow.”Minerva Tantoco, Co-Founder and CTO – Grasshopper Bank
You’re in Good Company
Banco Mediolanum launched Flowe in June 2020 with a unique vision. Targeted at a younger demographic that demands a more ethical and innovative approach, Flowe will be an environmentally-friendly digital bank that not only helps customers to build a sustainable financial future, but also partners with reforestation schemes and uses recycled wood for its payment cards.
Temenos’ innovative solutions and cloud technology allow Varo to put products in the market very quickly and support its hyper efficient cost model to pass real value back to their consumers.
Temenos Recognized as a Leader in The Forrester Wave™ for Digital Banking Processing Platforms for Retail Banking
Temenos was named a leader among Digital Banking Processing Platform providers according to The Forrester Wave™: Digital Banking Processing Platforms (Retail Banking), Q3 2020.
WeLab Bank designed, built and launched using cloud-native Temenos Transact in less than 10 months
Using Temenos cloud-native, API-first, advanced AI technology, these financial institutions have achieved business growth, customer growth and most importantly society growth
Banco del Sol, the digital bank of Grupo Sancor Seguros, Argentina’s largest insurance company, goes live with Temenos Transact to offer innovative services
Temenos cloud-native, cloud agnostic core banking technology supports Banco del Sol to quickly launch a new bank