Canada’s Haventree Bank selects Temenos to scale lending and banking services
2024年6月26日 - 5:00PM
Temenos (SIX: TEMN), the banking software company, today announced
that Haventree Bank, a federally regulated Schedule 1 bank in
Canada, has selected Temenos to support its digital transformation
and business growth.
Haventree currently serves the alternative mortgage
market across Canada through the broker network, catering to
individuals who are underserved by traditional financial services
providers. With Temenos, Haventree will leverage core banking as
Software-as-a-Service (SaaS) to unlock greater business agility,
improved performance, scalability, and enhanced security.
Following a rigorous selection process, Temenos was
chosen for its scalable SaaS, which gives Haventree the business
agility to rapidly deploy cloud-native, API-first banking
capabilities on a continuously updated service. This will allow
Haventree to focus its resources on clients and partners, and on
transformation and innovation while ensuring an adaptable, modern
IT environment.
Fern Glowinsky, President and CEO,
Haventree Bank, commented: “As we
continue making strategic investments in technology to expand and
deepen our client relationships, we are excited to be partnering
with Temenos for Haventree Bank’s new core banking platform. This
new platform will help power the expansion of our product suite and
further our digital transformation towards Haventree 2.0.”
Philip Barnett, President – Americas,
Temenos, said: “By selecting Temenos, Haventree Bank has
chosen a strategic technology partner that offers scalability,
operational efficiency, and the ability to grow alongside their
business. With a commitment to the Canadian market, Temenos is
dedicated to supporting Haventree Bank in its vision for the future
of banking – built on trust and innovation. We offer a proven,
scalable SaaS model with localization and we continue to invest,
making our offering the most compelling in the market.
“Temenos has a proven platform, with extensive
delivery and migration experience in the Canadian market, with
clients ranging from established to digital banks.”
About HaventreeHaventree Bank is a
Canadian federally regulated Schedule 1 bank that exists to be a
catalyst for financial security and upward mobility for Canadians
underserved by the traditional financial system. With its
specialized and experienced team, Haventree works closely with the
mortgage and deposit broker community to recommend the right
mortgage and GIC deposit solution for clients. Haventree takes an
empathetic approach to help hardworking Canadians reach their goal
of home ownership. Their GIC deposits offer competitive rates and
are available through various platforms. More information about
Haventree can be found at www.haventreebank.com
About TemenosTemenos (SIX: TEMN)
is the world’s leading open platform for composable banking,
serving clients by helping them build new banking services and
state-of-the-art customer experiences. Top performing banks using
Temenos software achieve cost-income ratios almost half the
industry average and returns on equity 2X the industry average.
Their IT spend on growth and innovation is also 2X the industry
average.
For more information, please visit
www.temenos.com.
Media Contacts
Scott Rowe & Michael Anderson
Temenos Global Public Relations
Tel: +44 20 7423 3857
Email: press@temenos.com
Lauren Rae
Temenos Team at Edelman Smithfield
Tel: +44 7976 353347
Temenos@EdelmanSmithfield.com