Swiss challenger Alpian picks cloud hosted Temenos tech – FinTech Futures


Digital banking and wealth administration agency, Alpian, has chosen a variety of cloud hosted Temenos applied sciences because it gears up for launch in Switzerland.

Alpian is an offshoot of the REYL group

Alpian plans to launch as a full-fledged financial institution in 2021. The agency is backed by Geneva-based banking group REYL.

It’s concentrating on what it calls an “untapped market” within the Swiss mass prosperous market, representing 2.6 million folks and $744 billion in property.

The possible financial institution has chosen Temenos Transact and Temenos Funds, each on a Software program-as-a-Service (SaaS) foundation.

Temenos says the programs will allow Alpian to “create a hyper-efficient value construction to ship extra worth to clients”.

Alpian can also be utilising Temenos’ Mannequin Financial institution for ongoing product upkeep, regulatory compliance, and different associated companies.

“Alpian introduces a brand new approach for prosperous purchasers to financial institution attuned to how they wish to handle their wealth,” says the financial institution’s CEO Schuyler Weiss.

“Our method is client-centric and pushed by expertise and innovation. With Temenos SaaS, we will focus our assets on delivering an distinctive service and expertise for our clients.

“We’ve set an aggressive launch timeframe and the Temenos’ fashionable expertise will allow us to attain our aim.”

A handful of recent banks on the block have chosen Temenos Transact this yr. These embrace US-based ACDC, Swiss funding challenger FlowBank, and Taiwanese newcomer Next Bank.

Temenos CEO, Max Chuard, says his agency’s expertise permits Alpian to scale effectively with an “elastic value construction”.

He provides: “Alpian joins our rising neighborhood of the world’s most bold neobanks leveraging the facility of Temenos SaaS to innovate and develop with out the restriction of legacy expertise.”

Associated: Egypt’s AAIB finally goes live with Temenos after five years


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