The credit union will use the banking software company's T24 core banking and digital channels to support its growth.

St Raphael's Garda Credit Union has assets exceeding €400m and 35,000 members, including members of Ireland's police force and their families.

Steen Jensen, regional director for Europe at Temenos, said: “We are excited to be the strategic technology provider of choice for St Raphael's Garda Credit Union.

“With our technology, the credit union will become digital front to back and will offer best-in-class services that will compete with tier one banks.

“We are delighted with our continued momentum in Ireland.

“We have invested in our skillset in the country and in our product with the Irish model bank and we have flagship clients such as Bank of Ireland, KBC and now St Raphael's Garda Credit Union.

“Temenos is proving its ability to cater for the needs of all market segments from the tier ones to the huge credit union market in Ireland.'

St Raphael's Garda Credit Union has extended its partnership with Temenos having been a client since 2008.

The upgrade of the credit union's IT systems will take nine months and is aimed at improving members' borrowing experience with features such as automated loan processing and approval.

Claire Byrne, CEO at St Raphael's Garda Credit Union, added: “We selected Temenos as our trusted technology partner to help us improve our IT systems, enhance our digital offering and, most importantly, provide our members with easy mobile and online access to our services and an even faster response to loan applications.'