Syncordis, a consultancy services firm, and Temenos, a banking software company, have reportedly announced the selection of Temenos SaaS by Santander International. This SaaS implemented by Syncordis has been selected with an aim to power the finance company’s core banking platform transformation.
Under the recent agreement, Syncordis will help Santander transform the IT infrastructure of its savings, baking, and mortgage products from an on-premise solution to the cloud-native Temenos SaaS. The finance company will also leverage the security, elastic scalability, and resilience of the Microsoft Azure cloud. Its transition to the Temenos cloud-native & API-1st digital banking platform, along with the pre-configured banking & mortgage functionality, will allow the bank to rapidly develop and launch products, deliver improved digital experiences, and create streamlined customer journeys.
Furthermore, Syncordis was selected as the system integrator & implementation partner of Santander to lead the core banking implementation & modernization project with the digital banking ecosystem. This smooth transition to the next-gen digital banking solution of Temenos will highly benefit the bank’s customers.
As per the statement made by Santander International’s Chief Executive Officer, James Pountney, the recent transition is crucial during the challenging times as it will help users adapt to the shifting customer and business requirements. The company, through its partnership with Syncordis and Temenos, will also be able to future-proof the digital banking platform and offer outstanding services and experiences to its valued customers.
According to the Chief Business Officer & Regional Director of UK and NORDICS at Syncordis, Hemal Jayasinghe, the company is thrilled to enter a strategic partnership with Santander International to advance the core banking operations as well as boost the digitization journey. By leveraging its extensive implementation expertise and Temenos’ cloud technology, Santander will significantly power the digital banking capabilities, deliver enhanced experiences to customers, and future-proof the business.