Shanghai Commercial and Savings Bank (SCSB), one of the listed banks in Taiwan, has selected Temenos and IBM to replace its legacy core systems with Temenos open platform for composable banking.
Part of the IBM Ecosystem, Temenos and IBM have successfully teamed for decades to help financial institutions around the world deploy next-generation banking technology, reduce costs and take advantage of profitability opportunities.
One of the first banks to use Blockchain accountant confirmations, SCSB is one of the pioneers in digital banking. Temenos’ open platform and composable banking architecture will accelerate SCSB’s Digital Transformation, helping it embed FinTech solutions quickly and embrace open APIs and DevOps practices, to ultimately provide customers with more convenient, secure and diverse digital banking products and services.
Alex Lin, President, SCSB, said: “We are constantly looking to innovate and improve to stay ahead of the times and our customers’ needs. With disruptive technologies, the pace of change is faster than ever and a legacy core was holding us back.
“Partnering with Temenos and IBM, we can transition to a modern technology platform that will enable us to quickly build customized digital financial products and maximize shareholders’ value through agile and flexible operations.”
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