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Temenos’ SaaS technology will allow FlowBank to scale to create a hyper-efficient cost model and offer online trading and banking services at competitive rates
Temenos’ technology will enable FlowBank to deliver rapid innovation and an outstanding customer experience including investment from a single, multi-currency account and more
Temenos is the de facto technology provider for digital banks across the globe that want to innovate rapidly
Temenos, the banking software company, announced that FlowBank has selected Temenos Transact delivered as SaaS to power its new digital bank in Switzerland. Temenos Transact core banking technology will enable FlowBank to rapidly launch and offer a new investing experience to private and institutional investors in Switzerland and internationally.
FlowBank has recently secured its banking license in July 2020 and is planning to launch the operations by the end of 2020. The bank aims to meet the needs of both sophisticated and new investors, who wish to manage their banking and investments on their own. The bank addresses this growing market segment by offering a simple, reliable investment experience open to all, using an optimized trading platform underpinned by Temenos Transact. The bank is FINMA-regulated and deposits are guaranteed up to CHF 100,000.
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