Judo Capital has teamed up with Temenos to support its launch as a challenger bank specifically geared towards Australian SMEs.
It will use Temenos T24 core banking, channels, analytics and financial crime mitigation to enter the business banking sector.
Judo is currently in the process of obtaining a full banking licence from the Australian Prudential Regulation Authority.
It has created a fully cloud-based, API-centric, technology ecosystem and the Temenos software will allow it to focus on its customers instead of managing IT systems.
T24 will integrate with Judo’s existing systems via its zero-trust network and identity management system.
Alex Twigg, co-founder and CIO at Judo Capital (pictured above), said: “With the big banks’ shift to industrialisation and centralisation, SMEs have lost the human interaction and tailored service that they so deserve and crave.
“Judo’s mission is to bring back the craft of relationship banking, powered by the best of modern technology.
“With Temenos’ commitment to providing core banking as a service, we can continue to focus on empowering our customers, the businesses that are the backbone of the Australian economy.”
Martin Frick, managing director of APAC at Temenos, added: “Temenos technology will enable Judo Capital to benefit from a modern, end-to-end digital banking system, giving them the ability to offer their clients a fully digital and personalised experience that will scale.
“This win demonstrates the momentum in the Australian market, where Temenos has a strong presence and local expertise.”
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