TEMENOS announced that Diner's Club Ecuador has gone live with Temenos Core Banking, Payments and Analytics on the cloud with Amazon Web Services (AWS). The completion of the project marks the launch of Diner's Club Ecuador as the first digital bank in the country. Diners Club Ecuador was the first issuer of credit cards in Ecuador, and has become its largest provider, processing 75% of the country's credit and debit card transactions.

The company is a franchise of Diner's Club International, which operates worldwide with an extensive network in more than 200 countries. To launch its digital bank, Diner's Club Ecuador selected Temenos' modern, scalable, cloud-native banking platform. Temenos is the only banking platform readily available on all major public cloud providers for banks to run themselves or as a SaaS solution via Temenos Banking Cloud.

Diner's Club Ecuador opted to host Temenos banking platform on AWS, benefiting from 99.99% availability, flexibility to deliver innovative products, and scalability to support growth alongside the launch of new business lines. Diner's Club Ecuador initially implemented deposit accounts, with plans to launch interest-bearing deposit accounts, advance billing services for businesses, and mortgages. The bank has already granted 14 million (USD) in loans.

Temenos Analytics will also extend Diner's Club Ecuador's use of predictive models and AI beyond credit scoring and risk management to understand client behaviors in more depth and provide hyper-personalized services. By analyzing member behavior, Diner's Club Ecuador will be able to offer products based on buying preferences, and create unique and relevant products like ‘one-click loans' which the bank launched for current business clients.