CWB Financial Group selects Temenos Infinity for front office ops
Canadian financial services firm CWB Financial Group has doubled down with core provider Temenos, signing up for the Swiss vendor’s Infinity front office solution and Data Lake analysis platform.
CWB Financial Group, which includes Canadian Western Bank, uses Temenos T24 as its core banking system for its commercial and retail banking services.
Chris Fowler, president and CEO of the group, calls the selection the “next step” in its digital transformation.
“Our digital journey started in 2016 when we became the first Canadian Schedule I bank to run on Temenos core banking, and we’ve since derived significant value from both the core banking platform and the Temenos team’s international banking expertise.”
Defined under the Canada Bank Act, a Canadian Schedule I is a bank that is not a subsidiary of a foreign institutions.
Fowler adds: “This breakthrough financial technology represents a critical step forward to meet the rapidly changing needs of our clients through a full range of channels.”
Max Chuard, CEO of Temenos, believes that a combination of three Temenos systems will give CWB “leading customer acquisition capabilities, deep insights into their clients and unprecedented speed and agility”.