Core Insights - Mibanco, Peru's leading microfinance bank, has selected Temenos SaaS to modernize its core banking infrastructure and enhance access to finance for small businesses [1][2] - The adoption of Temenos Core and Data Hub aims to accelerate time to market, improve customer experience, and increase operational efficiency [2][4] Company Overview - Mibanco is part of the Credicorp group and serves over 1.9 million active customers with assets exceeding PEN 18.2 billion (USD 5.4 billion) [3] - The bank focuses on micro, small, and medium-sized enterprises, particularly in underserved and informal sectors, offering a variety of financial services [3] Digital Transformation Strategy - Mibanco's digital transformation will leverage Temenos SaaS to provide an agile and scalable solution, facilitating further expansion in a market where 99% of businesses are classified as micro and small [4] - The bank aims to address the needs of approximately 7 million unbanked businesses and individuals in Peru [4] Technology Deployment - Mibanco will utilize Microsoft Azure for running Temenos SaaS, enabling seamless deployment and a unified commercial view across its cloud investments [5] - The SaaS model allows Mibanco to focus on expanding financial access and driving innovation rather than managing technology [4] Leadership Commentary - Alberto del Solar, Deputy CEO of Mibanco, expressed confidence in Temenos' technology and expertise for the bank's transformation project [6] - Rodrigo Silva, President of Americas at Temenos, highlighted the selection as a testament to the strength and agility of their core banking suite [6]

Core Insights - Temenos has been selected by Mibanco, Peru's leading microfinance bank, to modernize its core banking infrastructure using Temenos SaaS, aiming to enhance access to finance for small businesses in Peru [1][6] Company Overview - Mibanco, part of the Credicorp group, serves over 1.9 million active customers and manages assets exceeding PEN 18.2 billion (USD 5.4 billion), focusing on micro, small, and medium-sized enterprises, particularly in underserved sectors [3] Digital Transformation - Mibanco's digital transformation program includes the adoption of Temenos Core and Temenos Data Hub as SaaS to improve time to market, customer experience, and operational efficiency [2][4] - The flexibility of Temenos Core will enable Mibanco to quickly launch new products tailored to the needs of SME customers, enhancing digital transaction reliability and simplifying service processes [2][4] Market Context - In Peru, 99% of businesses are classified as micro and small, with approximately 7 million unbanked businesses and individuals, highlighting a significant opportunity for financial inclusion [4] Technological Infrastructure - Mibanco will utilize Microsoft Azure for running Temenos SaaS, allowing for seamless deployment and a unified commercial view across the bank's cloud investments [5] Leadership Commentary - Mibanco's Deputy CEO emphasized the importance of Temenos' technology in scaling their microfinance model and supporting sustainable economic growth in Peru [6] - Temenos' President for the Americas noted the selection reflects the strength and agility of their core banking suite and their commitment to increasing financial inclusion in Latin America [6]

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]

Core Insights - Moneycorp, a UK-based international payments and FX platform, has selected Temenos to enhance its product offerings and operational efficiency through the adoption of Temenos SaaS [1][5] - The partnership aims to enable Moneycorp to focus on business growth while providing advanced wallet and payment capabilities for an improved client experience [2][5] Company Overview - Moneycorp operates globally with a presence in Europe, North America, South America, and Asia, facilitating payments and foreign exchange transactions for various clients [3] - In 2023, Moneycorp handled £71 billion in trading volume, serving 11,000 B2B clients, 250 financial institutions, and over 23,000 individuals [3] Operational Strategy - By adopting Temenos SaaS, Moneycorp can roll out new capabilities globally, utilizing a build-once, deploy anywhere approach across different regulatory jurisdictions [4] - The use of Temenos Model Bank with pre-configured banking functionality will allow Moneycorp to achieve faster time to value while reducing costs and delivery risks [4] Technology and Innovation - Temenos' open, API-based architecture will facilitate integration with Moneycorp's ecosystem, enhancing operational agility and accelerating innovation [4] - The partnership is expected to support Moneycorp's strategic transformation, underpinning its core banking and payments ecosystem across global operations [5]