Mexico’s BanCoppel taps Temenos for core banking overhaul
Mexican bank BanCoppel, part of Grupo Coppel, one of Mexico’s largest organisations, has selected Temenos to deploy its core banking platform.
BanCoppel partners Temenos for core
BanCoppel was the first bank to offer loans to underserved Mexicans, including those who had no way of proving their income, providing them with microloans as store credit to make small purchases since 1941.
Utilising Temenos’ core banking platform, BanCoppel aims to scale its operations and offer an integrated ecosystem of “easy and accessible” banking services. Temenos says that the implementation will not only help the bank achieve greater efficiency and sustainability, but also support its digital transformation project.
“Historically, the mass market in Mexico has been underserved by conventional banking, with much less access to credit and financial services,” comments Juan Manuel Fernández Islas, director of IT, digital transformation and operations, BanCoppel.
“This transformation project will increase efficiency by creating an open ecosystem with easy integration through APIs, which will allow us to create easy, simple and more accessible banking services.”
Recent core banking clients of Temenos include Pakistan’s Samba Bank, Saudi Exim Bank, Tintra and Diners Club Ecuador.
