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New challenger AlbaCo plans to launch with Temenos core banking

Friday 13 September 2019 00:50 CET | News

AlbaCo, a new Scottish business venture, is planning to launch a UK challenger bank for small medium enterprises (SMEs) and has selected Temenos as its core banking platform running in the cloud.

The neobank, Alba, has selected Temenos Infinity and Temenos T24 Transact, as well as advanced analytics and payments modules to power its business lines for digital lending and savings.

Temenos will provide full hosting and application management services to Alba running on the Microsoft Azure cloud using Temenos Cloud Services.

Alba expects to receive a banking licence from the Prudential Regulation Authority (PRA) and launch in 2020.


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Keywords: AlbaCo, Temenos, core banking, B2B, digital, UK
Categories:
Countries: World

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