Challenger Banks

Changes in technology enable new banks to set up, and existing banks to open new operations, more quickly to take advantage of fragmenting customer segments and evolving customer needs.

Challenger Banks Solution

A SaaS-enabled solution that allows banks to rapidly launch new businesses in new geographies and sectors.

Challenger Banks - Plane flying in the sky

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.

Challenger Banks - Woman on cell phone

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.

Challenger Banks - Angular building

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.

Challenger Banks - Mobile tap to pay

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!

Products

Temenos Transact – Core Banking

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.

Temenos Payments

A universal end-to-end payments solution based on ISO 20022 standards and support for all payment types.

Temenos Financial Crime Mitigation

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

Seychelles Credit Union – Success Story

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.

Equitas Small Finance Bank – Success Story

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.

Barko Financial Services – Success Story

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.

Success Story - Minerva Tantoco, Grasshopper Bank

“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
Read the Success Story

You’re in Good Company

Temenos Platform

Cloud-Native, Cloud-Agnostic

Lower costs with the elastic scalability, security, and control you need to shape your business.

APIs & Extensibility

Innovate faster with access to over 700 open APIs in the largest FinTech ecosystem.

Microservices & Containers

Microservice architectures enable continuous application upgrades and cloud scalability.

Distributed Database

Achieve true horizontal scalability in the database layer and operate on an active-active basis across multi-cloud.

Temenos Continuous Deployment – DevOps

Reduce cost and shorten software release cycles – code in the morning, deploy in the afternoon.

Security & Immutable Logging

Protect your bank from modern digital threats with the highest levels of security.

AI & Machine Learning

Explainable AI enables transparency into automated decisions and provides intelligent banking by growing revenues, cutting costs and enhancing the customer experience.

Multiexperience Development Platform

Deliver a best-in-class user experience as a consistent and seamless multiexperience digital journey across various touch points and modes of interactions.

White Paper

Your Growth Starts Now Ebook

It’s important that every financial institution creates a unique, achievable path to growth, based on its individual culture, technology, and customers. Download the ebook to identify which of four growth stages you are in and how to start your path forward today.

White Paper

Open Banking: A shared opportunity

Open banking which is based on data sharing, is an unlikely short-lived trend and is gaining momentum in Asia Pacific. In this white paper, a joint venture by Microsoft, Linklaters and Accenture, explores the various drivers behind open banking in Asia Pacific, as well as the challenges financial institutions and regulators will have to address to ensure all participants can reap the benefits.


Latest News

Blog

How to Delight Your Customers

“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

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