Puerto Rico’s Segura Bank taps Temenos to power new digital bank

  • Segura Bank International (SBI) in Puerto Rico has chosen Temenos’ cloud-based core banking platform for its new digital bank targeting mid-to-high earners in Latin America.
  • The platform includes transaction processing, multicurrency account management, know your customer (KYC), and regulatory adherence capabilities.
  • Temenos’ solution aims to help SBI launch banking products faster, scale efficiently across the continent, and achieve enhanced operational efficiency and increased automation.
  • The implementation, guided by delivery partner ITSS, was completed in six months.
  • SBI’s CEO, Juan Zambrano, emphasizes that Temenos’ technology provides confidence for growing the new digital bank and offering stability in US dollars to more customers across Latin America.
  • Rodrigo Silva, Executive VP – Americas of Temenos, highlights the benefits of greater agility, higher performance, scalability, and security for SBI’s expansion in the rapidly growing markets of Latin America.
  • Temenos has recently implemented similar solutions for other institutions, including the National Bank of Iraq, LPBank in Vietnam, and Libra Internet Bank in Romania.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...