Mexican bank BanCoppel, part of Grupo Coppel, has chosen Temenos to implement its core banking platform, aiming to enhance its operations and provide a comprehensive ecosystem of accessible banking services. This move is expected to boost efficiency, and sustainability, and support BanCoppel’s digital transformation project.
Facts
- BanCoppel, a Mexican bank and part of Grupo Coppel, has partnered with Temenos to deploy its core banking platform.
- Since 1941, BanCoppel has been offering microloans as store credit to underserved Mexicans, including those without income proof.
- BanCoppel plans to scale its operations and provide an integrated ecosystem of “easy and accessible” banking services utilizing Temenos’ core banking platform.
- The implementation of Temenos’ platform is expected to improve efficiency, sustainability, and support BanCoppel’s digital transformation initiative.
- Juan Manuel Fernández Islas, the director of IT, digital transformation, and operations at BanCoppel, highlights the historical underservice of the mass market in Mexico by conventional banking and emphasizes the project’s aim to create easy and accessible banking services.
- The transformation project will focus on establishing an open ecosystem with seamless integration through APIs, enabling the creation of simple and accessible banking services.
- Other recent core banking clients of Temenos include Samba Bank in Pakistan, Saudi Exim Bank, Tintra, and Diners Club Ecuador.
