UK-based Coventry Building Society has selected core banking platform from the Swiss banking software firm Temenos to meet its future savings and mortgages servicing requirements.

The new solution, Temenos T24 Core Banking platform, will enable the mortgage lenders to complete its front-to-back digital transformation.

The building society has also opted for Temenos Channels, Financial Crime Mitigation and Temenos Payments Hub solutions.

Temenos stated that the new technologies will enable the mortgage lenders to roll out new products and services quickly.

Besides being able to offer digital services to members through online and mobile channels, the building society will be able to comply with the UK’s evolving regulatory requirements leveraging the Temenos model bank approach of delivering preconfigured country-specific functionality.

Coventry Building Society COO Peter Frost said: “We are delighted to appoint Temenos, which has a worldwide reputation for robust, innovative banking systems, as a key technology partner.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Temenos’ digital banking platform will help drive simplicity and efficiency, enable us to introduce new and innovative products more quickly and help reduce operational costs, as well as offer an enriched digital experience – all of which will enhance the value and quality of our services to members.”