Temenos announced that President's Choice Financial® (PC Financial®), part of Loblaw Companies Limited ? Canada?s leading food and pharmacy retailer, has selected Temenos to extend its reach into the Canadian banking market. PC Financial® will adopt Temenos retail core banking solution as SaaS on Microsoft Azure, enabling it to rapidly scale products and expand its banking proposition.

PC Financial®, renowned for delivering unprecedented value to customers and its commitment to innovation, offers a range of financial products designed to deliver on the company?s purpose - helping Canadians Live Life Well®. Through its award-winning PC® Mastercard® and PC Money? Account, customers save on banking fees and earn points linked to PC Optimum?, Canada?s largest and most popular loyalty reward program with more than 16 million active members.

The implementation of Temenos? retail core banking solution as SaaS will enable PC Financial® to scale products faster and expand its banking proposition on a trusted and secure, continuously updated service. This cloud-based approach eliminates the need for costly infrastructure investments and allows for seamless integration across the group?s retail brands to make everyday transactions simple and rewarding.

With Temenos, PC Financial will significantly streamline their end-to-end processes while ensuring compliance with regulatory requirements.