Reem Finance taps Temenos to power new digital community bank
Reem Finance’s new digital community bank will utilise Temenos’ core banking, payments, and data analytics tech.
Switzerland
The latest fintech news, resources and expert analysis in Switzerland by the leading intelligence provider for the worldwide fintech community.
SIX Group agrees £194m deal to acquire UK’s Aquis Exchange
The deal will see each Aquis shareholder receive 727 pence in cash per share.
UBS pilots new blockchain-based system for cross-border payments
The system settles international transactions using smart contracts on a private blockchain network.
American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner
Swisscard was founded in 1998 as a joint venture between Amex and Credit Suisse.
Temenos appoints Barb Morgan as new chief product and technology officer
Morgan succeeds Prema Varadhan, who is stepping down after 25 years with the company.
BIS’ Project Agorá to commence design phase with private sector participants confirmed
The project’s participants include Standard Chartered, Lloyds, Mastercard, Euroclear and BNP Paribas.
Switzerland’s Zürcher Kantonalbank deploys new digital asset platform with Avaloq and Fireblocks
ZKB clients will now be able to trade, manage and store both traditional and digital assets.
Swiss fintech Yapeal unveils new CEO alongside fresh capital boost
Eidel succeeds Yapeal co-founder Thomas Hilgendorff, who is now transitioning to CCO.
MidWestOne Bank taps Temenos for digital onboarding solution
The Temenos Digital Onboarding solution has been deployed by the bank as SaaS on AWS.
Swiss National Bank announces launch of instant payments in Switzerland
The SNB claims around 60 Swiss FIs can now process instant payments.
Coop set to discontinue Finance+ project, says “demand did not meet expectations”
Coop cites increased competition in the financial sector as one of the reasons behind the decision.
UBP snaps up Société Générale’s UK and Swiss private banking subsidiaries in €900m deal
UBP claims the deal will boost its AUM by €26 billion to €186 billion.
Kuwait’s Boubyan Bank taps Temenos to modernise its core banking systems
The bank is migrating to Temenos’ core banking platform for corporate banking, retail, and wealth management.
Credicorp Capital in Peru goes live with Temenos’ Multifonds
The investment firm has deployed the SaaS solution across 71 funds.
Swiss wealth manager Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEO
Bollinger succeeds interim CEO Nic Dreckmann, who has held the position since February this year.
Azqore selects Volante Technologies’ PaaS tech for SEPA instant payments
Azqore previously selected Volante to accelerate its ISO 20022 adoption programme in 2022.
CTBC Bank goes live with Avaloq core in Hong Kong and Singapore after three-year implementation
The bank first selected Avaloq to power its private banking businesses in Singapore and Hong Kong in 2021.
Canada’s Haventree Bank partners Temenos for new core banking platform
Haventree serves the Canadian alternative mortgage sector through the broker network.
FINMA takes action against HSBC Private Bank Switzerland over “serious breach” in PEP due diligence
HSBC says it plans to appeal FINMA’s ruling.
FINMA pulls the plug on FlowBank as bankruptcy proceedings commence
The Swiss regulator has found the challenger bank to be in a “serious breach of supervisory law”.
BIS and Bank of England team up to evaluate synchronised settlement in FX transactions
The initiative is scheduled to commence towards the end of 2024.
BIS and MAS partner to develop blueprint for climate risk framework
The pair have named the initiative Project Viridis.
Eurobank Cyprus overhauls legacy systems with Temenos solutions
The bank says it replaced 85% of its systems with Temenos products.
Malta’s Finance Incorporated Limited taps Temenos for retail core banking solution
FIL aims to achieve fivefold growth over the next five years through its collaboration with Temenos.
Bank Muscat’s Meethaq goes live with Temenos’ core banking tech
The bank claims to have migrated “over 200,000” customer accounts to the new cloud-based platform.
Stanbic Bank Kenya set for Temenos core banking upgrade with Orion Innovation
Stanbic Bank Kenya first went live with Temenos’ core banking tech in 2010.
Alpian’s $83m Series C round sees Intesa Sanpaolo’s Fideuram become majority shareholder
Fideuram first made a $20 million investment in Alpian back in 2022.
Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub
The bank has also tapped Temenos’ US Model Bank to “meet the unique business needs of the US market”.
Vietnam’s PVcomBank launches mobile banking app powered by Temenos Digital on AWS
PVcomBank has been running on Temenos Core for retail and corporate banking for over 10 years.
BIS opens call to private sector participants for Project Agorá
Applications are to remain open until 31 May, with the final list of participants to be announced on 9 August.
Banque Internationale à Luxembourg goes live with Temenos’ core banking and payments tech
BIL has actioned a major technology overhaul of its retail, corporate and private banking operations.
President’s Choice Financial taps Temenos for retail core banking solution
PC Financial will adopt Temenos’ retail core banking solution as SaaS on Microsoft Azure.
A1 Bank goes live with Avaloq’s core banking platform
The implementation of the platform was carried out by Avaloq’s partner Synpulse.
BNI Madagascar assigns Temenos cloud core implementation to Orion Innovation
The bank says it’s currently engaged in a “digital modernisation journey” for its SME clients and retail customers.
Fund administrator Alter Domus taps Temenos for Multifonds platform
Temenos says its tech will enable the firm to manage “a significant increase in transaction volumes”.
Temenos review brands Hindenburg Research allegations “inaccurate and misleading”
Temenos’ board chair says the review “reinforces the board’s view that Temenos is running a sound business”.
Avaloq co-CEO Thomas Beck to retire, Martin Greweldinger to become sole CEO
Beck will provide support to Greweldinger in a senior advisory capacity during the transition.
UBS and SuMi Trust joint venture to acquire Credit Suisse wealth management business in Japan
The JV will absorb Credit Suisse’s Japanese advisor base and wealth management assets.
BIS unveils Project Agorá to explore the tokenisation of cross-border payments
Project Agorá will see seven central banks work in partnership with several private sector participants.
PostFinance overhauls disputes management tech with new Rivero collaboration
The arrangement will see the bank leverage the Zurich-based start-up’s SaaS solution Amiko.
