We are delighted to officially announce our partnership with leading banking software company, Temenos.
Temenos will provide our core, digital banking platform as we continue to prepare the business for launching as a fully operational, SME-focused bank in Q1 2021.
We chose to partner with Temenos due to their impressive track record of working with an array of global, innovative challenger banks, utilising their public cloud-based platform to enable a rapid launch of new products to the market. Their next-generation digital banking products, in particular Temenos Infinity and Temenos Transact, will give us the tools to become a truly digital, public cloud-based challenger bank and, crucially, redefine the customer experience for UK-based SMEs. The platform will also allow us to meet the UK’s evolving regulatory requirements in the most efficient and cost-effective way.
Once we have received our full banking license from the Regulator, we will be running the products on Temenos Cloud, hosted by Microsoft Azure.
Rod Ashley, Alba CEO, commented: “It is important for us that Alba is ‘born in the cloud’, with market requirements already built in enabling us to set up our bank quickly. Serving both incumbent and challenger banks, Temenos has the knowledge and the ability to deliver a timely, cutting-edge and future-proof digital banking platform.
We believe that Temenos’ innovative, end-to-end digital banking platform combined with pre-packaged model bank functionality made Temenos the right choice to help us launch a bank that will offer a personalized experience – one centered around people and support for their businesses.”
Stay connected to our channels as we hope to make further announcements soon on our exciting partnerships within the fintech space.