IIG Bank, a specialist trade finance bank based in Malta, will leverage a pair of solutions from Temenos to offer its clients a wider variety of differentiated services from treasury cash management and deposit accounts to documentary credit and trade financing. The bank has gone live with Temenos Infinity, a digital front office platform, as well as Temenos T24 Transact, the firm’s next generation core banking solution.

“Temenos has given us much more flexibility to be able to tailor deposit and trade finance products to specific customer needs,” IIG Bank Managing Director and CEO Raymond Busuttil said. “Temenos banking software is providing us with cutting-edge technology combined with the most complete functionality in private and corporate banking.”

The new technologies will replace legacy systems that IIG Bank said had become both highly restrictive and unable to support new business initiatives. In the context of the country’s anticipated GDP growth of more than 5% this year, IIG Bank believes Temenos’ technology will help it compete in a financial services sector that is becoming more competitive.

Praising the speed of the Temenos implementation, Busuttil added that the partnership will help the bank respond to current demand as well as better prepare for the challenges of the future. “We are already seeing significant improvement which will enable further growth for IIG Bank,” he said. “Corporate customers are demanding more from their banking experience and expect a seamless customer journey. We selected Temenos to future-proof our operations, enabling us to deliver a great customer experience going forward.”

The partnership with IIG Bank is the second big fintech announcement from Temenos this week. The Geneva, Switzerland-based banking software provider teamed up with Mizrahi-Tefahot, the third largest bank in Israel, to replace its capital market systems with Temenos T24 Transact.

Recognized last month by Gartner Magic Quadrant as a Leader in Global Retail Core Banking, and at the Finnovex Awards for Excellence in Digital Banking, Temenos demonstrated its Connect Mobile Banking solution at FinovateEurope 2015. The company is also an alum of our developers conference, presenting its B2B Financial Apps Marketplace at FinDEVr Silicon Valley 2015.

Temenos was founded in 1993. Max Chuard, who joined the company as Chief Financial Officer in 2012, was appointed CEO in February.

New Zealand bank TSB has gone live with Temenos Infinity for online account opening and onboarding in just nine weeks, reports Sharon Kimathi of Fintech Futures (Finovate’s sister publication).

Included in the short implementation period was an API-based connectivity for workflow integration directly with TSB’s existing Microsoft Dynamics’ client relationship management (CRM) system.

It now provides applicants with the option to “save and resume,” returning to an application later, on any channel, without the need to start over.

Hamish Archer, TSB general manager – technology said: “We want more Kiwis to experience our world-class service, so we’re excited to use technologies like this which work seamlessly alongside our people, who genuinely care about doing the best for our customers.”

Martin Frick, managing director – APAC, Temenos, said: “We are delighted that TSB has chosen Temenos to power its growth, and that they are already starting to see results from the implementation.”

Since going live, Temenos Infinity has shortened the time needed to complete customer applications and insert the completed digital application directly into the TSB back office process.

Temenos was founded 1993, and is based in Geneva, Switzerland. The company demonstrated its Connect Mobile Banking solution at FinovateEurope 2015. Later that year, the company participated in our developers conference, FinDEVr Silicon Valley, presenting its B2B Financial Apps Marketplace.

ABN Amro has gone live with Temenos’ WealthSuite in a first site as it seeks to roll out the digital platform for its international wealth and corporate banking, reports Martin Whybrow of Fintech Futures (Finovate’s sister publication).

The project marks a shift by the Dutch bank to a single platform, with the aim of reducing IT operational costs and achieving an improved cost/income ratio.

The first international branch to go live with the system will be in Belgium, with another two countries lined up for implementation in the next multi-year phase. Temenos’ long-standing partner, Cognizant, is providing consulting and system integration services for the project.

ABN Amro is a long-term customer of Temenos. The T24 core banking platform was taken for its corporate banking activities in 2009 and is now live in nine countries. The bank was also a pioneer for Temenos’ Payments solution. It also selected the Temenos Continuous Deployment product to speed up its software delivery and rapidly launch new innovations.

Friso Westra, head of IT development core banking international at ABN Amro, said: “We selected Temenos as our technology partner to future-proof the ongoing growth of our private bank”.

Westra has been working closely with Temenos and their implementation partner, Cognizant. “We experienced a smooth go-live with Temenos WealthSuite [and] we are confident of achieving our ambition in offering the most innovative wealth management products and services in the industry,” added Westra.

Temenos WealthSuite provides multi-channel, 24/7 real-time capability to support wealth managers in delivering client services, while automating compliance and back office functions. Temenos claims WealthSuite currently helps advisors manage $12 trillion assets under management.

Temenos demonstrated its technology at FinovateEurope 2015, presenting its Connect Mobile Banking solution. The company also participated in our developers conference, FinDEVr Silicon Valley, later that year, discussing its B2B Financial Apps Marketplace. Founded in 1993, Temenos is headquartered in Geneva, Switzerland.