Temenos has been selected as the core banking platform for Alba.
Alba — which expects to receive a banking licence and launch an SME challenger bank in 2020 — has chosen digital front office product Temenos Infinity, core banking product Temenos T24 Transact as well as advanced analytics and payments modules to power its business lines.
The banking software company will also provide full hosting and application management services to Alba running on the Microsoft Azure cloud using Temenos Cloud Services.
“It is important for us that Alba is born in the cloud, with market requirements already built in, enabling us to set up our bank quickly,” said Rod Ashley, CEO at Alba.
“Serving both incumbent and challenger banks, Temenos has the knowledge and the ability to deliver a timely, cutting-edge and future-proof digital banking platform.”
Des Noctor, regional director for UK and Ireland at Temenos, added: “We’re proud to see the growing momentum of challenger banks, both globally and in Europe, that are unburdened from legacy systems, choosing Temenos as the most advanced cloud technology in the market.”
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