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Alex, Australia s newest digital bank, goes live on The Temenos Banking Cloud to create a hyper-efficient cost structure and offer better value lending products and services to retail customers
Temenos technology simplifies Alex s loan application journey, facilitating 3-minute application times and the delivery of nearly 10,000 loans in the last six months
Temenos packaged banking services will enable the quick launch of Alex s savings business line so the bank can achieve rapid time to value and maximize growth and profitability
Temenos (SIX: TEMN), the banking software company, today announced that Australia s newest digital bank, Alex, has gone live on The Temenos Banking Cloud. Temenos technology powers Alex s launch as a licensed bank, following the acquisition of its Restricted-Authorized Deposit-Taking Institution (RADI) license from the Australian Prudential Regulation Authority (APRA) earlier this month.
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