“CTB has chosen the Temenos platform to expand its relationship with the Banking platform to renovate itself with the help of a Software-as-a-Service (SaaS) model.”
Banking is undergoing a fundamental change in terms of how people consume banking products and how banks provide those products. However, how are banks responding to these new challenges, and what opportunities does modern technology offer?
Temenos, a trusted SaaS for 700+ banks around the world is a recognized technology provider and now is enabling The Canadian Tire Bank to modernize and accelerate its core processes. CTB has chosen the Temenos platform to expand its relationship with the Banking platform to renovate itself with the help of a Software-as-a-Service (SaaS) model.
How Temenos Will Help the Canadian Bank?
The Software-as-a-Service (SaaS) model provided by Temenos will help the Canadian bank to deploy banking services in a better way than ever and introduce new products faster to give consumers seamless and offer more personalized experiences.
Philip Barnett, President of Americas and Strategic Growth, Temenos, said, “We are delighted to expand our collaboration with Canadian Tire Bank as it pioneers new ways to support Canadians through innovative products and superior experiences. With Temenos Banking Cloud, The Bank can digitally transform on a trusted and secure platform that provides continuous updates to create new sustainable business models and massively scale faster than ever. North America is a strategic region for Temenos and a market where we are seeing tremendous growth in SaaS.”
Why has CTB Chosen Temenos Platform?
The Canadian bank has developed a digital strategy to improve customer acquisition, loyalty, and engagement. By advancing the Bank’s digital competencies and developing new products across CTC’s retail brands, the Temenos Banking Cloud will help strengthen new business models at scale.
Aayaz Pira, President of Canadian Tire Financial Services and CEO of Canadian Tire Bank said, “The move to Temenos Banking Cloud will accelerate our digital transformation to advance our digital banking capabilities in service of further integration across Canadian Tire Corporation’s retail brands and its millions of active loyalty members. We will be well-positioned to offer our customers a truly differentiated banking experience and fulfill our Brand Purpose of Making Life in Canada Better.”