Temenos, the banking software company, has launched Commerce Bank business on its central banking platform. This important step completes Commerce Bank’s modernization project aimed at migrating from its old deposit systems to a modern, agile, open platform adapted to the American market.
Recognized again as one of America’s Best Banks by Forbes , Commerce Bank has served its customers for more than 150 years. The bank applies a “super community bank” model, which combines the best of the small and the best of the very large.
This involves combining sophisticated banking products with high-tech services, in order to establish and develop lasting relationships. Focusing on the long term and customer service, Commerce updated and consolidated its systems, facilitating innovation, direct and real-time processing, and a 360° view of the relationship with its customers.
Commerce has selected Temenos as a strategic technology partner for its particularly flexible and agile banking platform. Temenos’ modern platform will increase operational efficiency, enhance Commerce’s opportunities for innovation, and integrate emerging technologies. With a modern platform, Commerce will take advantage of the speed to market of new banking products and services. Temenos’ US banking model solution will enable Commerce to meet the specific commercial and regulatory needs of the market in an efficient and cost-effective manner.
David Roller, CIO of Commerce Bank, commented, “Staying at the forefront of technology to provide the best service to our customers is a priority for Commerce. And a modern core banking platform for us is a factor in accelerating innovation and digital customer experiences. With the Temenos platform, Commerce will be able to deliver innovative solutions to its customers today and tomorrow.”
Max Chuard, CEO of Temenos, said, “traditional providers are unable to offer the cloud-agnostic and scalable banking services that remain Temenos’ strength as an industry leader. Our open platform provides the foundation to enable commerce to solve customer problems in new and exciting ways.”
