Segura Bank International (SBI) of Puerto Rico has announced a strategic partnership with Swiss vendor Temenos to leverage its cloud-based core banking platform for the launch of its new digital bank, catering to mid-to-high earners across Latin America. This collaboration marks a significant milestone in SBI’s quest to offer innovative banking solutions to customers in the region.
Building upon previous plans outlined last year, SBI will harness Temenos’ advanced capabilities in transaction processing, multi-currency account management, KYC compliance, and regulatory adherence. By integrating Temenos’ platform, SBI aims to accelerate the rollout of banking products, enhance operational efficiency, and scale its operations effectively across the continent.
Temenos’ cloud-based solution empowers SBI’s digital bank to expedite product launches, streamline processes, and achieve greater automation. The implementation, completed in a record time of six months, was facilitated by Temenos’ delivery partner, ITSS, ensuring a seamless transition to the new banking platform.
Juan Zambrano, CEO of SBI, expressed confidence in Temenos’ technology, emphasising its ability to support the growth of the digital bank while offering the stability of US dollars to customers across Latin America. The partnership underscores SBI’s commitment to delivering robust banking services tailored to the evolving needs of its clientele.
Rodrigo Silva, Executive VP – Americas of Temenos, highlighted the benefits of deploying the cloud-based banking platform, citing greater agility, performance, scalability, and security. He emphasised the platform’s role in enabling SBI to expand its operations and deliver banking services across the rapidly growing markets of Latin America.
Temenos’ track record of successful implementations extends beyond SBI, with recent collaborations including the National Bank of Iraq, LPBank in Vietnam, and Libra Internet Bank in Romania. These partnerships underscore Temenos’ commitment to empowering financial institutions worldwide with cutting-edge technology solutions.
As SBI embarks on its digital banking journey with Temenos’ support, the partnership signals a new era of innovation and growth in the Latin American banking landscape. With a focus on customer-centricity and technological excellence, SBI aims to redefine the banking experience for customers across the region.
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