FundBank Goes Live on Temenos SaaS to Power U.S. Expansion

Temenos (SIX: TEMN) today announced that FundBank, a Cayman Islands-based financial institution specializing in banking services for the asset management industry, has successfully gone live with Temenos SaaS to accelerate its expansion into the United States.

FundBank has deployed a full suite of services on Temenos SaaS, including digital and core banking, payments, and data analytics. The move enables the bank to launch new products faster, deliver an enhanced digital experience, and scale operations efficiently. A key milestone is the rollout of a fully digitized corporate onboarding process, allowing clients to complete onboarding quickly and securely.

FundBank provides banking and custodial solutions to the fund industry globally, supporting management companies and their funds with services ranging from multi-currency accounts and payment solutions to custody and trading capabilities.

On Temenos SaaS, FundBank gains access to advanced banking capabilities tailored for the U.S. market, while Temenos oversees operations, support, and continuous updates. This allows the bank to focus on customer-centric innovation and growth.

Diarmuid O’Donovan, Global Chief Information Officer at FundBank, commented:
“We’re delighted to go live on Temenos SaaS to enable our global expansion into the U.S. With Temenos, we can offer our clients an enhanced digital experience and scale efficiently. This is key to our future growth and enabling us to provide a simplistic approach to banking for investment funds and managers, allowing them more time to focus on managing their portfolios.”

Rodrigo Silva, President – Americas at Temenos, added:
“Congratulations to FundBank on this successful go-live. We’re delighted to help the bank scale its operations in the U.S. and bring leading digital experiences and seamless onboarding to its corporate clients. This deployment underscores our commitment to helping financial institutions operating in the U.S. unlock growth through modern, cloud-native technology.”