Canada’s Haventree Bank partners Temenos for new core banking platform
Haventree Bank, a federally regulated Schedule 1 bank based in Canada, has tapped Swiss banking tech vendor Temenos to modernise its lending and banking services.
Haventree Bank selects Temenos for core banking
Temenos says that Haventree, which serves the Canadian alternative mortgage sector through its broker network, is set to leverage the vendor’s core banking Software-as-a-Service (SaaS) in an effort to “unlock greater business agility, improved performance, scalability, and enhanced security”.
The vendor’s claimed scalability will enable Haventree to quickly implement cloud-native, API-first banking features on a continuously updated platform.
Speaking on the new collaboration, Fern Glowinsky, president and CEO of Haventree Bank, says: “As we continue making strategic investments in technology to expand and deepen our client relationships, we are excited to be partnering with Temenos for Haventree Bank’s new core banking platform.
“This new platform will help power the expansion of our product suite and further our digital transformation towards Haventree 2.0.”
Haventree joins a growing cohort of North American financial organisations to have recently tapped Temenos for its services.
In February, Commerce Bank in the US went live with Temenos’ Infinity loan origination solution, and in May, Canadian food and pharmacy retailer President’s Choice Financial partnered with the Swiss firm to implement its retail core banking system.
