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, “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, Temenos president – Americas, said, “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 US to unlock growth through modern, cloud-native technology.”
Read the daily FinTech news
Copyright © 2025 FinTech Global
