Temenos, a banking software company, has integrated Virgin Money Australia, a digital bank under the Bank of Queensland, to the Temenos Banking Cloud. With this integration, Virgin Money will have access to front-to-back banking services, a sandbox tool and a fintech marketplace powered by an AI-engine, according to a press release.

Virgin Money can now deliver a banking experience that combines transactions, savings accounts, credit cards, loyalty program and personal financial management tools in a single app. Temenos will also help Virgin deliver new products such as home loans and other deposit options.

"We are proud to partner with Virgin Money Australia to power its ground-breaking digital bank. With The Temenos Banking Cloud, we are putting banks in control of their business models and innovation cycles, giving them the agility and speed to build great customer products and profitable business," Max Chuard, CEO, Temenos, said in the release. "It is incredible what Virgin Money Australia has achieved in such a short timeframe. The pace of innovation reflects the passion and commitment of the Virgin Money team and shows what is possible with an agile cloud-based solution. We look forward to building on this success to support the digital bank in its continued evolution and with Bank of Queensland as it seeks to leverage The Temenos Banking Cloud across its retail brands."

Copyright © 2021 Networld Media. All rights reserved., source Industry News