Based in Antigua and Barbuda, NIBank serves customers in the Caribbean, Latin America and Europe. As part of its modernisation project, the bank sought a technology partner with global expertise, multi-currency capabilities, cutting-edge technology and proven reliability.
The Temenos Banking platform will supply NIBank with flexibility, agility and cloud agnostic technology to adapt to rising trends, including banking-as-a-service. NIBank will gain access to Temenos’ APIs to create a fully integrated ecosystem of technology and financial services providers.
NIBank CEO Jordán Silva Tugues said, “Investing in technology has been one of our top priorities over the past few years. We selected Temenos for its global leadership and expertise in serving over 3,000 financial institutions, and the flexibility to leverage the platform based on the size and needs of the bank.
“Modernising our technology with Temenos Banking Cloud will improve our digital customer experience, increase efficiency, and propel us to the forefront of banking in the digital era. We’re very excited at the success of the project so far, and where we will go next.”
As part of its modernisation effort, NIBank has built a robust customer base around prepaid and credit cards. Its investment into technology has helped it grow to 25,000 active cards. It also has plans to expand relationships with MasterCard and UnionPay International.
Temenos recently expanded its partnership with Wipro to help banks of every size accelerate their modernisation journey. By combining Temenos’ open platform for composable banking with Wipro’s deep technical expertise and industry insights, the companies claim they will deliver large-scale transformations from front-end digital capabilities to back-end transactional processing.
Temenos has had a busy 2022. It recently released an ESG investing-as-a-service to help bans and wealth managers meet the demand of sustainable investing.
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