NIBank chooses Temenos to modernize digital banking services

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Antigua and Barbuda-based North International Bank (NIBank) has partnered with banking technology provider Temenos to modernize its retail banking and private wealth management businesses.

Temenos signs a new client in the Caribbean, NIBank

NIBank has brought the Swiss company’s Temenos Banking Cloud online as it seeks to improve its digital customer experience.

Temenos says its open platform provides APIs that will allow NIBank to create a “fully integrated ecosystem” of technology and financial services partners while allowing the company to offer a banking platform as a service ( BaaS) to create new revenue streams. through banking and non-banking partnerships.

“The rise of integrated finance means that banking no longer needs to be done within a bank,” says Enrique Ramos O’Reilly, Managing Director – Latin America and the Caribbean, Temenos.

“With Temenos, NIBank can offer banking services through retailers and other businesses while continuing to build on its direct customer relationships.”

Serving customers in the Caribbean, Latin America and Europe, NIBank offers prepaid, debit and credit card services and claims to have reached over 25,000 active cards. He adds that he also plans to partner with Mastercard and UnionPay International.

NIBank also offers personal accounts, business accounts and wealth management services.

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