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HomeBankingCommerce Bank taps Temenos for loan origination solution

Commerce Bank taps Temenos for loan origination solution

Date:

  • US private bank Commerce has implemented Swiss core banking vendor Temenos’ Infinity loan origination solution to enhance operational efficiency and offer personalized customer experiences.
  • Commerce Trust, the private banking arm of Commerce, previously relied on manual processes for loan applications.
  • Temenos’ solution enables a fast, omni-channel origination experience for securities-based loans and lines of credit.
  • The implementation allows Commerce to fully automate its loan operations, offering a streamlined and digitized end-to-end process, reducing the time required to process applications.
  • The move aims to keep Commerce ahead of the competition in the US private banking sector.

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