Regions Bank selects Temenos for customer deposit system modernisation
Regions Bank in the US has tapped core banking vendor Temenos to modernise its legacy customer records and deposits systems.
Regions taps Temenos for customer deposit modernisation
Switching to a scalable, modular, cloud-based Software-as-a-Service (SaaS) model means Regions Bank can offer more personalised banking products and services, Temenos says.
Regions Financial Corporation CEO and president John Turner says modernising the bank’s core systems “paves the way” for continued, sustainable growth.
With $155 billion in assets, Regions Bank is one of the US’ largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services.
Temenos executive chair Andreas Andreades says the US is an important region for the firm, “and where we are seeing tremendous growth in SaaS”.
Positive feedback from institutions such as Commerce Bank, Andreades says, “and a proven US model bank which is fully compliant with US regulations” makes for a compelling case for banks of all sizes to switch to Temenos.
Regions Bank, together with Commerce Bank, which completed its core transformation on the Temenos core banking platform in early 2022, will collaborate with Temenos to help guide its product roadmap for the US market going forward.
