Puerto Rico’s Segura Bank taps Temenos to power new digital bank
Puerto Rico’s Segura Bank International (SBI) has tapped Swiss vendor Temenos’ cloud-based core banking platform to power its new digital bank seeking to serve mid-to-high earners in Latin America.
SBI goes live with Temenos’ core banking platform
The announcement builds upon plans previously announced last year to equip SBI with the vendor’s transaction processing, multicurrency account management, know your customer (KYC) and regulatory adherence capabilities.
With this, Temenos says its platform will enable SBI’s new digital bank to “launch banking products faster and scale efficiently as it expands across the continent”, while simultaneously striking enhanced operational efficiency and increased automation as a result of its partner’s newfound access to its model bank and pre-configured banking processes.
The implementation, which the vendor claims was completed in a span of “just six months”, was guided by its delivery partner, ITSS.
Speaking on the partnership, Juan Zambrano, CEO of SBI, says that Temenos’ technology “will allow us to grow our new digital bank with confidence, as we offer the stability of US dollars to more customers across Latin America”.
Adding to this, Rodrigo Silva, executive VP – Americas of Temenos, claims that by deploying its cloud-based banking platform, the bank stands to benefit from “greater agility, higher performance, scalability and security”, powering its endeavour to “grow its operations and provide banking services across the rapidly growing markets of Latin America”.
The vendor has recently also triggered similar implementations with the likes of the National Bank of Iraq, LPBank in Vietnam and Libra Internet Bank in Romania, among others.
