Temenos SaaS

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FundBank Goes Live with Temenos to power its global expansion into the U.S.
Globenewswire· 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]
UK’s Moneycorp selects Temenos SaaS to scale global business
Globenewswire· 2025-05-20 06:17
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]