Temenos (SIX: TEMN), a global leader in banking technology, today announced that Kingdom Bank, a specialist UK bank serving Christian churches, charities and individuals, has successfully gone live on Temenos SaaS running on Microsoft Azure.
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The bank has implemented Temenos Core, Payments and Financial Crime Mitigation on Temenos SaaS to enhance operational resilience and support its growth strategy.
Replacing siloed legacy systems with Temenos’ modern, cloud-native banking platform enables Kingdom Bank to streamline operations, reduce manual processes and scale efficiently while continuing to deliver the personalized service and values-led approach that its customers expect.
With Temenos’ strong functionality and out-of-the-box capabilities, Kingdom Bank has gained the agility to support evolving customer expectations and regulatory requirements as well as continued innovation. Temenos’ API-based architecture enables seamless integration with third-party systems such as the bank’s clearing partner, enabling it to offer near-real-time clearing and an improved payments experience for customers.
Serving the UK Christian community for almost 70 years, Kingdom Bank offers savings accounts to customers who want their banking choices to reflect their Christian values, while providing mortgages to churches, charities, and ministry workers who may struggle to secure finance elsewhere. Temenos SaaS provides Kingdom Bank with a resilient and future-ready foundation which enables it to focus on its mission instead of managing its technology platform.
Pod Bhogal, Chief Market Officer, Kingdom Bank, said: “Kingdom Bank has a long history of helping UK churches secure affordable mortgages. By depositing their savings with us, our customers make this lending possible. Our partnership with Temenos marks a major milestone in our journey, giving us a flexible, modern banking platform with proven capabilities to support our continued growth and help us better serve our customers.”
Mark Yamin-Ali, Managing Director, Europe, Temenos, said: “Congratulations to Kingdom Bank on this successful go-live on Temenos SaaS, which will help the bank meet the evolving needs of its specialist customer base with agility and speed. As well as reflecting our strong track record and continued momentum in the UK market, the project highlights how Temenos supports purpose-driven financial institutions in achieving both business and societal outcomes. With Temenos SaaS, Kingdom Bank will benefit from a resilient and future-ready banking platform which enables it to strengthen access to finance, support community resilience and help create long-term social value.”