Puerto Rico based Segura Bank International (SBI) has gone live with Temenos core banking platform deployed in the cloud to power a new digital bank for mid to high earners in Latin America.
Temenos’ cloud-native platform will enable SBI to launch banking products faster and scale efficiently as it expands across the continent.
SBI will leverage the cloud-native core banking capabilities of the Temenos platform for fast and efficient transaction processing and managing customer accounts, as well as supporting the bank’s compliance.
SBI is also benefiting from Temenos’ model bank and pre-configured banking processes, which improve operational efficiency and accelerate time to market with increased automation and digitized workflows.
The implementation, supported by delivery partner ITSS, was completed in just six months, with Temenos’ cloud-native, API-first architecture also making it easier for SBI to build an ecosystem to meet its growing requirements.
Juan Zambrano, CEO, SBI said: “Temenos offers a market-leading cloud-native banking platform and proven expertise across the LATAM region. This will allow us to grow our new digital bank with confidence, as we offer the stability of US dollars to more customers across Latin America.”
Rodrigo Silva, Executive Vice President – Americas, Temenos, said: “By running our banking platform on the public cloud, SBI benefits from greater agility, higher performance, scalability, and security to grow its operations and provide banking services across the rapidly growing markets of Latin America.”