Puerto Rico’s Segura Bank taps Temenos to power new digital bank offering
Puerto Rico-based Segura Bank has selected Temenos to power its upcoming cloud-based digital bank offering targeting “mid to high earners in Latin America”.
Segura Bank taps Temenos for new digital bank offering
Segura Bank says it will utilise Temenos’ banking platform on Microsoft Azure to develop digital banking services “faster and at lower cost” as the bank looks to scale across the continent. Temenos’ cloud-native core banking platform will be used for transaction processing, managing customer accounts, and ensuring compliance and efficient know your customer (KYC) checks.
Additionally, the bank says using Temenos’ platform will help improve operational efficiency through automation and digitised workflows, accelerating time to market.
The new digital bank will offer US dollar financial products to help protect Latin American consumers from currency fluctuations and devaluation, enable easier international transactions, and provide access to global markets. It is expected to go live in the coming months.
Juan Zambrano, CEO of Segura Bank, says the firm chose Temenos for its “proven expertise” across the LatAm region.
“On the Temenos platform, we can build our new digital bank with confidence, and look forward to offering the stability of the US dollars to our key audiences in LatAm as we grow Segura Bank,” he adds.
