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TORONTO – November 21, 2019 – Today, EQ Bank, the digital arm of Canada's Challenger Bank™ Equitable Bank (TSX: EQB and EQB.PR.C), announced it has moved its entire core banking system to the cloud, making it the first bank in Canada to be fully hosted in state-of-the-art public cloud architecture.
Temenos benchmarks its cloud-native digital banking software on AWS and proves its ability to handle over half the world’s banking transaction volumes
Cloud-native, cloud-agnostic Temenos T24 Transact and Temenos Infinity exceeded 50K transactions per second (TPS) proving its high scalability to process transactions for banks of any size
Services already in the market are not excluded from the benefits cloud has to offer. In addition, even services born in the cloud are not immune to market vagaries and fluid customer demand. Change is inevitable.
There is no doubt that the future of banking is with the cloud. As banks react to their fast-paced customers' increasingly demanding requests, only cloud-based systems can provide robust solutions which banks and finance houses need.
IIG Bank in Malta successfully implements cloud-native, cloud-agnostic Temenos Infinity and Temenos T24 Transact to expand its presence in international trade and commodity finance
We have seen a huge transformation in banking customer experience as banks attempt to differentiate themselves from their banking competitors.
Grasshopper Bank uses cloud-native, cloud-agnostic Temenos T24 Transact to launch in record time.
The potential benefits of cloud for banks are compelling.