Temenos supports Banco del Sol in its new bank launch

By Pavithra R

Temenos, the banking software company, has announced that Banco del Sol, the digital bank of Grupo Sancor Seguros, has gone live with Temenos Transact, the next generation in core banking, Temenos Financial Crime Mitigation, and Temenos Analytics.

Banco del Sol aims to deliver client experiences and personalized solution for customers to better manage their finances. Temenos’ cloud-native technology and country model bank methodology, enabled the bank to go live with built-in configurations for local market requirements. The bank aims to establish itself among retail customers, and move into the Small and medium-sized enterprises (SME) space, which makes up more than 99% of Argentinian businesses and employs 70% of its workforce.

“Banco del Sol will disrupt the established market and offer innovative services with the Sancor Seguros’ ecosystem group. We have a firm focus on retail customers but we will soon expand into small & medium businesses. Temenos’ trusted cloud-native core enabled us to launch our bank quickly and innovate faster at a reduced cost. We are excited to partner with Temenos that will support us in our mission and keep us competitive in an ever-evolving industry,” said Sebastián Pujato, CEO, Banco del Sol.

Banco del Sol was looking for a technology partner to offer an enhanced digital experience to support both consumers and businesses. Rapid time-to-market and the capability to integrate and create a wider ecosystem were key aspects of the bank. Temenos’ API-first technology and comprehensive analytics are expected to enable the digital bank to roll out innovative and personalized products and services quickly in the public cloud. The implementation was supported by Temenos’ regional partner, GlobalLogic with their local Argentinian team.

“Temenos is excited to partner with Banco del Sol on the launch of its digital bank. We have a strong commitment to the region and to the Argentinian market, and I want to thank our local team for working so hard to make this launch a success. Temenos’ continuous investment to deliver the most powerful global banking solution with Country Model Bank methodology to support local requirements will empower Banco del Sol with the agility, speed and scalability, to reach its ambitions for growth,” said Enrique Ramos O’Reilly, Managing Director – Latin America & Caribbean, Temenos.