back Back

BforBank selects Temenos on Google Cloud to power expansion

By Leandra Monteiro

May 17, 2022

  • API Banking
  • BforBank
  • Cloud Banking
Share

Temenos, Cloud Banking Platform, BforBank, Temenos Banking Cloud, Battle Bank, F.D.I.C., Regulatory, Traditional Banking, USATemenos announced that BforBank, the fully digital bank of the Crédit Agricole Group, has selected Temenos open platform for composable banking to support future expansion. The bank is moving from an on-premise implementation to using Temenos core banking solutions on Google Cloud to tap new growth opportunities and drive efficiencies at scale.

BforBank launched in 2009, offering a new approach to savings, life insurance, mutual funds and e-brokerage to the French mass affluent market. The online bank has since expanded to provide a full suite of retail banking services, with accounts, payments and lending products, including mortgages. Providing a simple and highly personalized experience “empowering customers to become their own private banker” has enabled BforBank to differentiate in an increasingly competitive market.

Pascal Luigi, Deputy CEO, BforBank, commented, “The banking world is changing fast. After 12 years of successful operations and ahead of new strategic initiatives, we wanted to challenge our initial choices. We initiated a complex process and tested several software vendors with proof of concept on Google Cloud. Temenos was just the obvious choice, having invested relentlessly during the past years to deliver the most open and secure cloud banking platform for composing and deploying banking services at scale.”

Max Chuard, CEO, Temenos, said, “We have built a trusted partnership with BforBank and its parent Credit Agricole over many years. As BforBank looks to the future, we are delighted to build on this relationship to support its growth ambitions. To lead in the new banking world requires an open, cloud-native approach, enabled by AI, Open APIs, and modern DevOps practices, and this is what Temenos delivers. Being selected as BforBank’s cloud banking platform shows the bank’s confidence in Temenos to drive innovation and create new opportunities.”

Zac Maufe, Head of Financial Services, Google Cloud, added, “The banking industry is increasingly seeing that cloud technology is not just a driver of efficiency, but an enabler of change. Through our partnership with Temenos, we look forward to powering Bforbank’s digital transformation which will enhance its banking services with highly connected and personalized interactions for customers at scale.”

Previous Article

May 17, 2022

DTT Group secures $10m Series-A funding

Read More
Next Article

May 17, 2022

Griffin adopts Clausematch for optimal version control and transparent governance

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

API Banking

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

UK Open Banking marks 10 million user milestone

Read More

Today

Cash Plus goes live with Profile Software’s Finuevo Suite

Read More

Today

OMS integrates GoCardless for smooth broker payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024