back Back

Temenos accelerates momentum in North America and relocates regional headquarters to New York

By Edlyn Cardoza

December 02, 2021

  • Banking-as-a-Service
  • Credit-Union-as-a-Service
  • FinTechs

Temenos, North America, New York, USA, Mbanq, Credit-Union-as-a-ServiceToday, Temenos, the banking software company, announced that it has relocated its North American headquarters to the Helmsley Building on Park Avenue in New York City.

Temenos has delivered software to banks of all sizes worldwide for 28 years, from the largest banks to challenger banks at the start of their journey. The United States is key to the company’s strategy, representing 40% of Temenos’ total addressable market with 5,000 credit unions and 4,300 banks.

“As the US epicenter of finance and tech industries, New York City is proud that Temenos chose us for their headquarters. Their move demonstrates that NYC provides the best access top talent, as they work to digitally empower the world’s biggest banks, while giving back to the community,” said New York City Economic Development Corporation President and CEO Rachel Loeb.

Over the past few months, Temenos has made several key announcements, demonstrating continued growth in the region. Temenos signed a strategic partnership with Mbanq to launch a credit-union-as-a-service offering through its Credit Union Service Organization (CUSO) for new and existing credit unions. Banking-as-a-Service (BaaS) has gained momentum in North America and globally, with more and more financial institutions looking to provide white-labelled banking services to neobanks, FinTechs and other banks looking to break into new markets. Temenos also continues to expand its North America customer base of 1,400, with recent signings with Green Dot, a digital bank and FinTech, and M1 Finance, a leading US personal finance platform.

Dan Henry, President and CEO of Green Dot, said: “Temenos is a critical component of our mission to seamlessly connect people to their money, both directly with our digital bank and products like GO2bank, and through our valued partners. Collaboration is key for success and growth – we’re happy to see Temenos investing in its ecosystem by opening the new headquarters in the seat of banking in the US.”

Jacqueline White, President – Americas, Temenos, said: “The relocation of our headquarters represents our continued investment in North America, and our commitment to our clients. As the hub of the US financial services industry, New York City brings together industry experts, visionaries, and the changemakers to drive innovation. The financial services industry is undergoing a once-in-a-generation transformation – by relocating our headquarters to New York City we can better collaborate with other industry leaders to build the future of banking from the heart of the financial services industry.”

Andrew Moor, the CEO, EQ Bank, said: “As Canada’s Challenger Bank, we have a long-standing relationship with Temenos as one of our strategic technology partners that help us deliver easier and more intuitive ways to bank in Canada. We chose Temenos because it continuously invests in its technology, and creates solutions tailored to our market. With Temenos, we made history in Canada as the first challenger bank, and the first bank to move its entire core banking system to the cloud. We’re happy that the team continues to challenge themselves to innovate and grow, and we’re delighted to celebrate that growth with them for the launch of their new headquarters.”

Recently, IBS Intelligence reported that Temenos, the banking software company, announced Temenos Exchange, a new FinTech marketplace to bring open banking innovation to market faster and at scale.

Previous Article

December 02, 2021

Batelco unveils ‘BEYON Money’ the company’s new FinTech brand

Read More
Next Article

December 02, 2021

KreditBee partners with Mswipe to offer ‘Cardless EMI’

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024


Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

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

March 01, 2024

AsiaVerify & Visa to bolster digital payments and banking in APAC

Read More

March 01, 2024

FinTech Focus: Catch latest developments of the week

Read More

March 01, 2024

Fimple partners with CR2 to enhance digital banking and payments

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!
Get your copy now! IBSi Sales League Table 2023