Temenos, a cloud banking platform, has been chosen by Battle Financial, Inc. to strengthen its global market technology stack. Battle Bank will now offer its customers a diverse range of FDIC-insured foreign exchange and market index deposits, as well as the ability to purchase, hold, and lend against non-FDIC-insured valuable metals, thanks to the banking and payment solutions provided by Temenos.
Frank Trotter, President and Board Member of Battle Financial, Inc., said, “We’ve created Battle Bank to fill a widening gap in the traditional banking landscape — to offer high-yield interest accounts coupled with access to the world markets. To make that vision a reality, we need technology that is fast, open, and scalable as we continue to grow our offerings. This partnership with Temenos will provide exactly that, making our clients’ experience as seamless and efficient as possible.“
Battle Bank’s foreign capital, market index, and precious metals products will be built on Temenos’ configurable banking platform. Thanks to Temenos’ model bank approach and pre-composed financial products, Battle Bank will be able to rapidly scale out its own global markets division, providing novel solutions with efficient structures.
Max Chuard, Chief Executive Officer, Temenos, stated, “At Temenos, we have a vision to power a world of banking that opens opportunities for people to achieve their ambitions. We are delighted that Battle Financial will use the Temenos Banking Cloud to launch fast and deliver on its mission to help its clients take control of their financial future and build their wealth. Temenos Banking Cloud is the platform of choice for challenger banks worldwide, and this signing with Battle Financial continues our strong growth and customer success in the US market. Temenos’ cloud platform will pave the way for innovation, empowering the bank to deliver new products that challenge how we think of investing and offer seamless experiences to customers.“