Puerto Rico-based Segura Bank has chosen Temenos to power its upcoming cloud-based digital bank offering targeting mid to high earners in Latin America. The partnership aims to develop digital banking services faster and at a lower cost, improve operational efficiency, and provide US dollar financial products to protect consumers from currency fluctuations and devaluation.
Facts
- Segura Bank will utilize Temenos’ banking platform on Microsoft Azure to develop digital banking services faster and at a lower cost.
- Temenos’ cloud-native core banking platform will be used for transaction processing, managing customer accounts, and ensuring compliance and efficient KYC checks.
- The use of Temenos’ platform will help improve operational efficiency through automation and digitized workflows, accelerating time to market.
- The new digital bank by Segura Bank will offer US dollar financial products to protect Latin American consumers from currency fluctuations and devaluation, facilitate international transactions, and provide access to global markets.
- The digital bank is expected to go live in the coming months.
- Juan Zambrano, CEO of Segura Bank, chose Temenos for its proven expertise in the Latin American region.
- Segura Bank looks forward to building its new digital bank with confidence on the Temenos platform and offering the stability of US dollars to its key audiences in Latin America as it grows.
