Garanti BBVA International (GBI), part of BBVA, the global financial group, has selected Temenos to modernise its core banking systems.
As part of the mandate, GBI will move to the cloud utilising the Temenos Banking Cloud as a system of record for its retail and corporate business in the Netherlands and Germany.
Temenos banking services, including general ledger, accounts, collections, data analytics and payments, will underpin the bank’s retail and corporate banking business.
With an application programming interface-first architecture and an ecosystem built around it, the Temenos Banking Cloud will also allow GBI to bring innovation to market faster.
GBI has embarked on a cloud-first strategy and was one of the first banks in the Netherlands to fully use the public cloud for bank processes and client databases.
GBI serves retail, corporate and institutional clientele and offers financial solutions in trade and commodity finance, corporate banking, cash management and global markets sales.
Marco Witteveen, chief operating officer and chief information officer, at GBI, comments: “We knew we needed a next-generation core to support our growth and product innovation ambitions, and Temenos was the obvious choice. On Temenos Banking Cloud, we can connect to the financial ecosystem and bring new products to market at a lower cost to build a sustainable business and with the flexibility to adapt to new opportunities.”
Jean-Paul Mergeai, president of Europe, Middle East and Africa and Asia Pacific at Temenos, says: “The GBI team has a clear vision for the future of banking built on open, cloud-native architecture to drive growth with scale and efficiency.
“Our platform is powering a world of banking that creates opportunities for everyone. As part of the BBVA group, GBI is a pioneer setting the standard for digitisation in the industry, and we are delighted to be part of their journey.”
