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Temenos targets US market with new proprietary SaaS tech

Temenos, the banking software company announced the launch of a front to back banking Software as a Service designed uniquely for the US market with pre-integrated U.S. banking products and services aiming to deliver better customer experience. The Temenos product has built-in U.S. regulatory compliance and is fully integrated with the U.S. banking landscape via its catalogue of third-party interfaces and connectors.

Temenos has developed the new SaaS product by leveraging the power of its Temenos Infinity and Temenos Transact front-to-back banking products built on modern cloud-native, cloud-agnostic and API-first technology. The new platform helps new digital banks entrants to launch in the US within 90 days and grow their businesses.

Temenos U.S. SaaS enables the rapid launch of neobanks and digital-only initiatives of established banks, new credit unions, community banks, and non-domestic banks with a strategic plan for the U.S. market.

The Saas platform which features comprehensive fraud management, payments, and analytics systems, aids omnichannel mobile and digital banking applications. It also features support for conversational interfaces, artificial intelligence, augmented reality, and wearable technologies to provide enhanced customer experience. The platform made onboarding of customers seamless and frictionless. The solution access is being provided through a pay-as-you-go subscription model.

Temenos boasts to have worked with some of the fastest-growing challenger banks in the U.S, including Grasshopper and Varo Money, Volt Bank and Judo Bank in Australia and Leumi’s Pepper in Israel. The company also worked with incumbent financial institutions, including Commerce Bank and Partners Federal Credit Union, in Burbank, California.

Currently, North America is seeing increasing traction in the number of banks choosing to lay their footprints on.

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