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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.

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