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News

Virgin Money Australia to team up with Deloitte, Temenos

Friday 6 March 2020 13:53 CET | News

Virgin Money Australia, a BOQ subsidiary, has announced it will partner with Deloitte Digital and global banking software platform Temenos.

The reason behind this partnership is to ‘build a new digital bank’, which is expected to launch later in 2020, according to MortgageBusiness. As per the agreement, Temenos will deliver the AI platform that would provide front-to-back software as a service (SaaS) capability for the new digital bank. 

Moreover, Virgin Money would consolidate its range of product lines onto a single Temenos-powered platform, aimed at facilitating the client onboarding experience. At the same time, Temenos’ AI platform would offer preconfigured, country-specific functionality that will enable bank to go live rapidly. Deloitte Digital would assist the ‘configuration, integration, and build out of Virgin Money Australia’s digital ecosystem’.

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Keywords: Virgin, partnership, Deloitte, Temenos, digital bank, banking, fintech, SaaS, onboarding, digital ecosystem
Categories: Banking & Fintech
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