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Temenos names Michelle Tea as MD for Australia, New Zealand and the Pacific Islands

Michelle Tea, Temenos

Michelle Tea, MD for Australia, New Zealand and the Pacific Islands, Temenos

Banking software company Temenos has appointed Michelle Tea as the Managing Director for Australia, New Zealand and the Pacific Islands, the Switzerland-based firm said on Monday. Michelle has over 25 years of experience in the technology and software sector with significant expertise in leading digital transformations.

She is joining Temenos from Microsoft Australia, where she was the Director of Digital Strategy and Services. Before Microsoft, she held senior executive roles at Dimension Data, NetReturn and JTec. Michelle currently sits on the board of Australian Science Innovations, Temenos said.

The company said it is has been seeing strong momentum in Australia and New Zealand. In the last 18 months, the firm has seen success with incumbent banks such as TSB which went live on Temenos Infinity for digital onboarding as well as neobanks such as Judo Bank and Volt Bank.

“Australia and New Zealand are major growth markets for Temenos and our recent acquisitions of Avoka and Kony have enabled us to accelerate the expansion of our presence in this region. In particular the pace of regulatory change has opened up significant opportunities in the retail and SME banking as well as the wealth management space. Financial institutions are seeking more efficient ways to manage clients and reduce operational costs – such as digital channels to enable self-service and automated tools to accelerate onboarding of new clients,” said Martin Frick, Managing Director – APAC.

“Michelle is an excellent appointment to lead our business in the region and build on our growth and momentum. Her commercial acumen, digital knowledge and leadership prowess are a perfect fit to enable us to deliver on our growth strategy.”

Michelle will commence her role with immediate effect and will be part of the Asia-Pacific executive leadership team.

“I am delighted to join the talented team at Temenos at such an exciting time in the company’s growth trajectory. As more and more Australian and New Zealand financial institutions and fintechs look to digitize their platforms and provide more intuitive services, Temenos’ world-leading cloud-native, customer-agnostic, open and secure banking technology has never been more valuable,” Tea commented.

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