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.
Temenos Transact is a core banking system providing product definition, transaction processing, unparalleled operational scalability and functional depth for all retail banks, corporate banks and private bank and wealth managers.
A universal end-to-end payments solution based on ISO 20022 standards and support for all payment types.
Embedded real-time advanced analytics built on a modern data platform.
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
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Malaysia’s decision to open doors to digital (or virtual) banks comes close on the heels of other countries in the Asia Pacific region.
Aspire Systems and Temenos, the banking software specialist, present a tell-all on how to kick start a neo-bank in 90 days from scratch with a light yet powerful technology stack, in any business storm.
“Tomorrow morning, when you look in the mirror after you’ve gotten up, just write — put it in lipstick or whatever you want on the mirror — just put ‘delight my customer’.” – Warren Buffett