Canadian Tire Bank Expands Relationship with Temenos and Moves to Temenos Banking Cloud
Retrieved on:
Monday, July 17, 2023
GENEVA, Switzerland, July 17, 2023 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN) today announced that Canadian Tire Bank (CTB), the financial arm of Canadian Tire Corporation (CTC) – one of the largest Canadian retail companies – will adopt Temenos Banking Cloud to accelerate its core modernization.
Key Points:
- GENEVA, Switzerland, July 17, 2023 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN) today announced that Canadian Tire Bank (CTB), the financial arm of Canadian Tire Corporation (CTC) – one of the largest Canadian retail companies – will adopt Temenos Banking Cloud to accelerate its core modernization.
- In 2022, Canadian Tire Bank chose the Temenos platform to replace its legacy core systems and is now extending its relationship with Temenos and moving to a Software-as-a-Service (SaaS) model.
- Temenos Banking Cloud allows the Bank to move from a CapEx to an OpEx model and elastically scale based on business demand.
- With Temenos Banking Cloud, Canadian Tire Bank can digitally transform on a trusted and secure platform that provides continuous updates to create new sustainable business models and massively scale faster than ever.