Taiwanese digital lender Subsequent Industrial Financial institution (Subsequent Financial institution) has launched on Temenos’ core banking platform.
Backed by the nation’s main telecom operator Chunghwa Telecom, Subsequent Financial institution is without doubt one of the first digital banks to obtain digital banking authorisation from the regulator.
Subsequent Financial institution goals to simplify monetary administration and utilizing Temenos’ answer it hopes to carry merchandise to market shortly and scale operations effectively.
Presently, the digital lender provides deposits, playing cards, loans and a cashback service to clients by way of a cellular app.
Subsequent Financial institution plans to increase its product portfolio to incorporate foreign-exchange providers, similar to remittance providers for migrant employees and wealth administration options.
Subsequent Financial institution chief data officer Eric Lee mentioned: “We’re excited to launch Subsequent Financial institution on the Temenos platform. Subsequent Financial institution operates beneath the precept of inclusive financing, which goals to supply shoppers with common entry to a variety of monetary providers.
“With Temenos, we have been in a position to effectively construct the financial institution with modern options that can assist clients take cost of their funds and allow us to scale our enterprise and speed up development sooner or later.”
Temenos Asia Pacific managing director Craig Bennett mentioned: “As one of many first neobanks in Taiwan, Subsequent Financial institution is already setting a brand new customary for digital banking out there.
“Temenos open platform will empower Subsequent Financial institution to proceed to thrive on the planet of immediate, always-on providers, breaking boundaries to ship the way forward for banking in the present day.”
Final month, UAE-based industrial lender Make investments Financial institution partnered with Temenos to remodel its core and digital banking operations.