Temenos powers Questrade Financial Group’s banking offering

By Aarav Garg

Temenos has announced that Questrade Financial Group has gone live with Temenos Core Banking SaaS to support the launch of banking products under its newly regulated banking entity, Questbank.

The cloud-native platform will power Questbank’s planned deposit and mortgage offerings in Canada, providing scalability, resilience and real-time processing capabilities as the firm expands its banking operations. According to the companies, the SaaS platform enabled rapid configuration of products while aligning with regulatory requirements set by Canada’s Office of the Superintendent of Financial Institutions (OSFI).

The deployment reflects a broader shift across the banking sector towards cloud-native core infrastructure, as financial institutions look to modernise legacy systems, accelerate product launches and deliver more digital-first banking experiences. For FinTech and banking technology providers, demand for SaaS-based core banking systems continues to grow as banks prioritise operational agility, faster deployment cycles and data-driven services.

David Furlong, Chief Operating Officer, Questbank, commented, “As an organization, we are keenly focused on providing Canadians with better ways to become financially successful and secure. Delivering on that mission demands access to real-time data, scalability, and the ability to innovate at speed.”

The implementation also highlights increasing momentum around modular banking infrastructure in Canada’s financial services market, where firms are investing in scalable technology platforms to support digital expansion and evolving customer expectations.