Temenos Core Banking SaaS to Power Questrade Financial Group’s Banking Offering
Temenos (SIX: TEMN), a global leader in banking technology, today announced Questrade Financial Group (QFG) has gone-live with Temenos Core Banking SaaS. The platform is set to power the introduction of the firm’s banking products to the Canadian market under its new regulated banking entity, Questbank.
Temenos’ cloud-native platform provides scalability and resilience for Questbank (a QFG company) to bring a host of new banking products and services to millions of existing customers and Canadians at large.
David Furlong, Chief Operating Officer, Questbank, commented: “As an organization, we are keenly focused on providing Canadians with better ways to become financially successful and secure. Delivering on that mission demands access to real-time data, scalability, and the ability to innovate at speed. Temenos provides the modern, composable core and specialized expertise that has allowed us to move quickly towards the introduction of our banking products, ensuring the highest levels of reliability and trust that Canadians have come to expect from their bank.”
As highlighted by QFG’s team, the Temenos SaaS platform enabled the rapid configuration of its deposit and mortgage products, aligning with key OSFI (Office of the Superintendent of Financial Institutions) requirements. Over time, the modern architecture will support the firm’s real-time processing capabilities, helping it to deliver intelligent, data-driven banking at scale.
William Moroney, Chief Revenue Officer, Temenos, said: “North America is a key growth market for Temenos, and this go-live is another important milestone, highlighting our expanding footprint and proven delivery across the region. Questrade is one of Canada’s largest and most successful financial services providers, and it is extending that strength into banking. Temenos SaaS provides the speed, resilience and regulatory confidence needed to support this launch, and we’re proud to support Questrade as it continues to grow.”
