^Regions Bank Leads Temenos Banking Cloud to Modernize Deposit System
and improve customer experiences
GENEVA, April 13, 2023 (GLOBE NEWSWIRE) — Following the on March 29, 2023
published press release (link
(https://www.temenos.com/news/2023/03/29/top-us-domestic-bank-signs-with-
temenos-for-core-system-transformation/)) has Temenos (SIX: TEMN) today
announced that Regions Bank, one of the leading banks in the
USA, has chosen Temenos to migrate its legacy systems for customer data and
Deposits on the Temenos Banking Cloud (https://www.temenos.com/temenos-banking-
cloud/) to modernize. The move to Software as a Service (SaaS) is
enable Regions Bank to deliver more seamless customer experiences and stronger
to offer personalized banking products and services to consumers
and help companies achieve their financial goals.
With total assets of $155 billion, Regions Bank is one of the
largest full-service provider for private and business customers,
Wealth management and mortgage products and services in the
United States and increases in terms of consolidated assets
31 December 2022 27th place
(https://www.federalreserve.gov/releases/lbr/current/). The company can
a long history of exceptional customer experiences as well as relevant ones
Review advice and guidance that consumers, organizations and
helped companies achieve financial success.
Temenos leverages its deep banking expertise to deliver an open, cloud
to provide a native and highly scalable platform powered by a
Commitment to research and development, a robust and proven
Combined localization and continued investment in US compliance
becomes. In addition, the Temenos platform offers functions for the
Coexistence within a complex IT landscape and a proven
Industry acceptance – particularly the flagship implementation of the US Model
Bank through Commerce Bank, which was among the early adopters among US
owned by regional banks.
Regions Bank will be jointly owned with Commerce Bank
(https://www.temenos.com/news/2022/02/14/top-50-us-bank-completes-core-
transformation-with-temenos/), a regional full-service bank in the middle
West, which will begin its core transformation in early 2022 on the Temenos Core Banking
platform to work with Temenos to develop their product
Support roadmap for the US market.
John Turner, President and CEO of Regions Financial Corporation, commented
as follows:?At Regions, the foundation of our business is clear: Experienced
Bankers, supported by technology, help to meet customers’ needs
competitive solutions. Supported the modernization of our core systems
our continued focus on innovation and creating value for
our customers through personalized offers and intuitive, optimized
Experiences. This in turn paves the way for an ongoing, sustainable
Growth. We look forward to working with Temenos on the
Advancement of banking technology in the US.”
Andreas Andreades, Executive Chairman of Temenos, said:?This is an extremely
strategic win for Temenos in the US, an important region for us, in
where we are seeing tremendous growth in the SaaS area. With best
Customer references such as Commerce Bank, Varo Bank and a global
Payment transaction providers and a proven US model bank that
Fully compliant, advanced cloud and SaaS technologies
provides and develops preconfigured US banking functions, it is for US
Banks of all sizes, even for the largest, now an excellent one
Time to switch to Temenos. We look forward to working with
Regions on modernizing their core banking businesses and sharing their ideas
and integrate innovation into our platform to leverage our investments and
to continue our growth in the US market.”
About Temenos
Temenos (SIX: TEMN) is the world’s leading open platform for composable
Banking and creating opportunities for 1.2 billion people on the planet every day
the whole world. We serve 3000 banks, from the largest to
Challengers and community banks in over 150 countries by giving them
help build new banking services and cutting-edge customer experiences.
Temenos’ open platform helps our top-performing customers, a
Achieve a return on equity three times that of
Industry average, and a cost/income ratio that’s half that
like the industry average.
Visit www.temenos.com (http://www.temenos.com) for more information.
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