Canada’s Haventree Bank partners Temenos for new core banking platform

Haventree Bank Partners with Temenos: Key Points

1. Partnership Announcement:
   • Haventree Bank, a federally regulated Schedule 1 bank in Canada, has selected Temenos to modernize its lending and banking services.
2. Technology Implementation:
   • Haventree will leverage Temenos’ core banking Software-as-a-Service (SaaS) platform.
   • The new system aims to provide greater business agility, improved performance, scalability, and enhanced security.
3. Platform Capabilities:
   • Temenos’ scalable platform allows for the quick implementation of cloud-native, API-first banking features.
   • The platform is continuously updated to ensure the latest features and security enhancements.
4. Strategic Goals:
   • Fern Glowinsky, president and CEO of Haventree Bank, emphasized that the partnership will support strategic investments in technology to expand and deepen client relationships.
   • The new core banking platform is a key part of Haventree’s digital transformation towards “Haventree 2.0” and will help expand the bank’s product suite.
5. Broader Adoption:
   • Haventree Bank joins other North American financial institutions in adopting Temenos’ solutions.
   • Commerce Bank in the US implemented Temenos’ Infinity loan origination solution in February.
   • In May, President’s Choice Financial in Canada partnered with Temenos to implement its retail core banking system.