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FundBank Goes Live with Temenos to power its global expansion into the U.S.
Globenewswireยท 2025-08-28 06:41
Core Insights - FundBank, a financial institution based in the Cayman Islands, has successfully launched its operations on Temenos SaaS to facilitate its expansion into the U.S. market [1][5] - The deployment of Temenos SaaS allows FundBank to enhance its digital offerings, improve product launch speed, and scale its operations efficiently [2][4] Company Overview - FundBank specializes in providing banking and custodial solutions to the asset management industry, offering services such as multi-currency bank accounts, payment services, custody, and trading solutions [3] - The bank supports both management companies and their funds, catering to clients in the U.S. and globally [3] Technological Deployment - FundBank has implemented a comprehensive suite of services on Temenos SaaS, including digital and core banking, payments, and data analytics [2] - The platform enables a fully digitized corporate onboarding experience, allowing clients to complete the process quickly and securely [2] Strategic Benefits - By utilizing Temenos SaaS, FundBank can focus on customer-centric innovation and expanding its banking services while Temenos manages operations, support, and continuous updates [4] - The partnership with Temenos is seen as a key factor in FundBank's future growth, providing a simplified banking approach for investment funds and managers [5]