Success Stories

Equitas Small Finance Bank

Driving rapid growth and containing operational costs

Chennai, India

Equitas Small Finance Bank supports entrepreneurs across India with access to micro financing credit. Opening up to 30 new bank branches each month, Equitas Small Finance Bank wanted to continue its fast-paced expansion—but its legacy banking applications lacked the necessary performance, scalability and availability. By embracing the Temenos core banking platform and automating many of its key business processes, the company has grown from 500,000 to 1.4 million customers with no increase in headcount. Meanwhile, the bank has increased back-office productivity by 60%. test

“With Temenos Transact and MCB we have been able to make a lot of innovation in processes and in data capture. Productivity of our back office has increased by around 60%.”

H. Mahalingam, CTO