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.

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.

Challenger Bank Customer Testimonials

Challenger banks want to quickly and efficiently build a presence in their market and become a game-changer. Temenos has proven experience in delivering innovative technology and successful SaaS banking solutions to more than 60 challenger banks. We are proud to celebrate the go-live of over 30 customers and to offer them a foundation to launch their new banking services and grow. Watch this video to hear some of their stories.

Products

Temenos Infinity Retail

Removes the complexity of day-to-day banking activities and puts people in control of their financial lives. The solution provides a complete digital platform for retail banks covering the entire customer lifecycle delivering digital applications and outstanding customer experiences across every channel.

Temenos Transact for Retail Banking

Temenos Transact Retail Banking offers a functionally rich, flexible and agile core processing engine that enables your institution to offer personalized, customer-relevant products, while allowing for lower operational costs and increased ROE.

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 Analytics

A comprehensive Reporting, Analytics and Business Intelligence product allowing banks to be more efficient and profitable by providing robust, banking specific, financial, profitability, customer, and digital analytics.

Customer Success Stories

Grasshopper Bank – Success Story

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.

Varo Bank – Success Story

To expand its range of services and manage every step of the customer journey, Varo Money will deploy Temenos Transact and Temenos Lifecycle Management Suite running on cloud.

EQ Bank – Success Story

The dividends for banks prepared to embrace bold new strategies and operating models has never been higher. Consumers are looking for ever more flexible services that slot into their fast-moving…

“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.

Video

The Future of Challenger Banks

Challenger banks have been delivering innovation to the banking industry since digitization started to accelerate in recent years. Different approaches have emerged, some more successful than others, but a consensus has arisen that success is built on being digital-first and entirely focused on the needs of identified customer segments – with results being driven by speed and innovation. Join this session to learn what the future may hold for innovative banks in this exciting sector.

Latest News

Upcoming Events

Event

Synergy Online

Please join us for Temenos Synergy Online, where we’ll be bringing together best-in-class banking executives, thought leaders and industry voices for a jam-packed day of interactive, exclusive content.
Industry Event

TCF Online

TCF Online will bring the key announcements, customer insights and the latest software demonstrations from Temenos direct to your screen in this 2-day interactive, online-only and free to attend virtual event.
Do not expire

On-Demand Session

Register Now! This online event is open exclusively to members of the Temenos Community. You will receive confirmation of your spot at Synergy Online upon approval. Have questions? Contact us…
Temenos Community Forum

Temenos TCF Online 2021

TCF Online will bring the key announcements, customer insights and the latest software demonstrations from Temenos direct to your screen in this 2-day interactive, online-only and free to attend virtual event.