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.
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!
Products
Temenos Infinity for Retail Banking
Accelerate digital transformation across customer journeys from acquisition and origination through mobile and omnichannel banking, to long term customer retention and upsell.
Temenos T24 Transact for Retail Banking
Temenos T24 Transact provides cutting edge functionality that enables retail banks to create innovative and personalized banking products targeted at new and existing customers.
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.
Temenos Data & Analytics
Embedded real-time advanced analytics built on a modern data platform.
Temenos Regulatory Compliance
Address fraud, remain compliant with regulations and manage risk with our modular products.
Temenos Country Model Banks
Regional functionality for over 150 countries using our packaged model bank framework to go-live faster.
Customer Success Stories
Grasshopper Bank
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.
Praxia Bank
Praxia Bank was established with one aim: to disrupt the Greek banking industry. As the first challenger bank in Greece, it looked to offer an innovative, user-friendly digital service that…
Judo Bank
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.
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 T24 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
Temenos Platform
Related Insights
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This short paper provides 7 lessons about what not to do, and conversely what best practice looks like, when building a digital bank.
Judo Bank – The Best of Technology-enabling the New SME Expectation
The Best of Technology-enabling the new SME Expectation.
Judo Bank goes live in Record Time with Temenos!
Judo Bank goes live in record time with Temenos.
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