back Back

Regions Bank selects Temenos to take its core banking to the cloud

By Gloria Methri

April 13, 2023

  • Commerce Bank
  • Commercial Banking
  • FinTech
Share

temenos, Core Banking, Temenos Banking Cloud, Regions Bank, USA, FinTech, SaaS, Legacy SystemsUS-based Regions Bank has selected Temenos to modernize its legacy systems for customers’ records and deposits on the Temenos Banking Cloud. The move to software as a service (SaaS) will enable Regions Bank to deliver more seamless customer experiences and personalized banking products to help consumers and businesses reach their financial goals.

With $155 billion in assets, Regions Bank is one of the United States’ largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Temenos leverages deep banking expertise to deliver an open, cloud-native, and highly scalable platform combined with a commitment to research and development.

Regions Bank, together with Commerce Bank, a full-service regional bank across the Midwest, which completed its core transformation on the core banking platform in early 2022, will collaborate with Temenos to help guide its product roadmap for the US market.

John Turner, President and CEO of Regions Financial Corporation, said, Modernizing our core systems supports our ongoing focus on innovation and delivering value to our customers through personalized offerings and intuitive, streamlined experiences. This, in turn, paves the way for continued, sustainable growth. We look forward to collaborating with Temenos on the evolution of banking technology in the US.”

Andreas Andreades, Executive Chairman, of Temenos, said, “This is a highly strategic win for Temenos in the US, an important region for us, and where we are seeing tremendous growth in SaaS. With the best customer references such as Commerce Bank, Varo Bank, and a global payments provider amongst others, and a proven US model bank that is fully compliant with US regulations, delivering advanced cloud and SaaS technology and developing US pre-configured banking capabilities, is now compelling for US banks of all sizes, even the largest to move to Temenos.”

Previous Article

April 13, 2023

Cantaloupe makes Seed Driver mobile app live on Apple & Android

Read More
Next Article

April 13, 2023

Capital Bank goes live with Finastra to scale up corporate banking

Read More








IBSi Daily News Analysis

March 04, 2024

Commerce Bank

India’s personal loans soar, boasting a remarkable 33% CAGR over four years, 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

MinkasuPay bags India’s patent for its biometric payment technology

Read More

March 04, 2024

3 FinTechs reshaping the personal finance space in Middle East

Read More

March 04, 2024

Wolters Kluwer unveils cloud-based compliance platform in the UK

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
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 2023