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.
From a single platform, cover all channels and all banking sectors. Design once and cover mobile apps, web and branch experiences. Extend beyond the branch and digital to conversational banking.
Temenos has a long history of success supporting loan and account origination in North America for banks and credit unions up to $50 billion in assets. These proven solutions are now integrated into Temenos Infinity.
Banks and Credit Unions up to $50B can offer their loan applicants an engaging first impression and a rapid, automated loan decision as the beginning of a long term, loyal and profitable relationship.
Increase satisfaction and cultivate lasting relationships with every service interaction.
Reduce delinquency, increase efficiency and boost collections efforts, all while streamlining internal processes and protecting income.
A dedicated recovery solution designed to further collection results and uphold accurate accounting. Whether charging-off, collecting on or outsourcing accounts – Temenos Infinity Recovery effectively keeps delinquent accounts from falling into the void.
Temenos Infinity Spotlight is a browser-based console that enables a holistic, full view of the customer – including data-driven app configuration – and integrates with core banking systems and third-party services.
Shorten time-to-market for the most profitable business banking products. Temenos transforms KYC and AML processes into an omnichannel experience, cutting business onboarding time by up to 75%.
Temenos Infinity Engage is a mobile app that puts a banker in everyone’s pocket, allowing customers to choose their own personal financial expert.
Address fraud, remain compliant with regulations and manage risk with our modular products.
Combining cutting edge banking technology with flexible and extensive business support
Customer Success Stories
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.
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 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 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 Recognized as a Leader in The Forrester Wave™ for Digital Banking Processing Platforms for Retail Banking
Temenos was named a leader among Digital Banking Processing Platform providers according to The Forrester Wave™: Digital Banking Processing Platforms (Retail Banking), Q3 2020.
Today, Temenos Transact is delivered as Temenos SaaS and can also be deployed natively on all main commercial cloud platforms or a private cloud, allowing banks to take the full benefit of lower operating costs and elastic scalability of these services, as well as benefiting from in-built operational resilience.
Jeffery talks about how the invasion of challenger banks is shaking up the US market
WeLab Bank designed, built and launched using cloud-native Temenos Transact in less than 10 months
Using Temenos cloud-native, API-first, advanced AI technology, these financial institutions have achieved business growth, customer growth and most importantly society growth
Banco del Sol, the digital bank of Grupo Sancor Seguros, Argentina’s largest insurance company, goes live with Temenos Transact to offer innovative services
Temenos cloud-native, cloud agnostic core banking technology supports Banco del Sol to quickly launch a new bank