Temenos to boost digital banking services for Ireland’s Croí Laighean CU
By Megha Bhattacharya
Temenos today announced that Ireland’s Croí Laighean Credit Union has selected its Software-as-a-Service (SaaS) for boosting its digital banking services. Temenos stated that its platform is hosted on Microsoft Azure in Microsoft’s Dublin data center and is already in use by other credit unions including Capital Credit Union, Credit Union Plus and Tullamore Credit Union.
Paul Kennedy, CEO, Croí Laighean, commented, “We are delighted to partner with Temenos to transform our digital banking capability. The Temenos platform puts us on a par technologically with the world’s biggest banks. The move from on premise software to Temenos SaaS was a strategic decision that will set us up for success long into the future. We are already well on the way to transitioning to the new system and look forward to launching new products and experiences for the benefit of our members this year.”
According to Temenos, its community banking solution provides pre-packaged, front-to-back credit union products, processes and channels. The collaboration is expected to enable Croí Laighean to provide digital member experiences, bring new products to market faster and achieve efficiencies through increased automation and digitization of processes.
David Macdonald, President of Europe, Temenos, said, “We are proud to welcome Croí Laighean to the growing community of credit unions choosing Temenos SaaS to accelerate their digital ambitions and attract a new generation of members. The flexible deployment capabilities of our community banking solution is ideal for the credit unions in Ireland, delivering the opportunity for a fully managed service that is secure, resilient and future-proof. This is a big step forward for Croí Laighean and the start of an exciting journey for its members.”
Recently, Temenos announced that European open banking platform provider Tink has joined the former’s MarketPlace. The new development is expected to enable Temenos’ customers to access Tink’s technology through Infinity digital front-office platform. The collaboration will also enhance banks’ ability to gain insights and offer multi-banking services for their clients.