Tuesday, March 5, 2024

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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.

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