FundBank, a Cayman Islands-based financial institution specialising in banking services for the asset management industry, has gone live with Temenos’ Software-as-a-Service (SaaS) platform to power its expansion into the United States.
The deployment sees FundBank implement Temenos’ full suite of services, including digital and core banking, payments, and data analytics. Temenos will manage operations, support, and continuous updates for the SaaS platform, enabling FundBank to focus on growth and innovation.
FundBank provides banking and custodial solutions tailored to the fund industry in the US and globally. Its clients include management companies and their funds, with services ranging from multi-currency bank accounts and payment processing to custody and trading solutions.
The move to Temenos SaaS will allow FundBank to launch new products more quickly, offer a fully digital corporate onboarding experience, and improve its ability to scale operations efficiently.
Diarmuid O’Donovan, FundBank global chief information officer, said, “
Rodrigo Silva, Temenos president – Americas, said, “
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