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.
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
Judo has subscribed and on-boarded to the Temenos software-as-a-service cloud offering which we run on the Microsoft Azure Cloud service. Through this process, which took 6 months, and having their full banking license, Judo is ready to establish a production-ready data-driven front-to-back solution.
If you could build a bank from scratch, what would you do differently to established players? This question sparked the idea for Grasshopper Bank—the first 100 percent digital commercial bank in the U.S. Targeting the booming innovation ecosystem, Grasshopper Bank aims to offer anytime, anywhere banking services to born-online start-ups and technology companies.
Because everyone deserves a better, fairer way to look after their money.Volt Bank (Volt) is the first retail challenger bank launched since the 2000s and was granted its banking license…
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.
Leading Latin American Retailer Group Goes Live with Temenos Following Remote Cloud Implementation amidst the Global Lockdown
Banco Ripley, the financial arm of Ripley S.A., goes live with Temenos Transact to bring digital banking services to more than one million retail store customers in Peru
“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