Diner’s Club launches Ecuador’s first digital bank on Temenos cloud
By Gloria Methri
Diner’s Club Ecuador has gone live with Temenos Core Banking, Payments, and Analytics on the cloud with Amazon Web Services (AWS). The completion of the project marks the launch of Diner’s Club Ecuador as the first digital bank in the country.
Diners Club Ecuador was the first issuer of credit cards in Ecuador and has become its largest provider, processing 75% of the country’s credit and debit card transactions. The company is a franchise of Diner’s Club International, which operates worldwide with an extensive network in more than 200 countries.
To launch its digital bank, Diner’s Club Ecuador selected Temenos’ modern, scalable, cloud-native banking platform. Temenos banking platform enables financial institutions to run themselves or as a SaaS solution via Temenos Banking Cloud.
Diner’s Club Ecuador opted for the Temenos platform to cross-sell and deepen relationships with its one million retail and business credit card clients. Temenos Analytics will further help Diner’s Club Ecuador to use predictive models and AI to understand client behaviour in more depth.
Diner’s Club Ecuador will now be able to offer products based on buying preferences and create unique and relevant products like ‘one-click loans’.
Mónica Carrión, Vice President of Services Center Club Ecuador, said, “We wanted to embrace a digital-first model, giving clients the flexibility to access our services online at the click of a button on a 24/7 basis. By launching the first digital-only bank in Ecuador with Temenos and AWS, we are setting the standard for banking innovation in Ecuador and within the Diners Club International franchise network globally.”
Rodrigo Silva, Senior Vice President – Sales for Latin America and the Caribbean, Temenos, added, “We empower all participants in the banking ecosystem to operate efficiently, respond to market demands with agility, and deliver compelling experiences. By bringing together Temenos’ modern technology on AWS, Diner’s Club Ecuador will offer its clients seamless, hyper-personalized banking services that are revolutionary for our industry.”
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