EQ Bank adopted a cloud-native core banking platform via a partnership with Temenos to enable real-time data and AI-driven innovation. The cloud-native approach provided flexibility and scalability that supported rapid customer and transaction growth during the COVID-19 pandemic. The cloud deployment allowed EQ Bank to build custom software around the Temenos platform without concern for physical system boundaries. The shift to cloud and SaaS is framed as a generational technology move that avoids intermediate on-premise steps. Technology partners and banks are positioned to create deeper value through collaboration and shared innovation.
It was pretty clear that the trend was going to the cloud so there was no reason to really take that middle step and be on-premise," Vona explained.
It's a little bit like the old telephone landline system and the mobile phone system. All solutions will be running in cloud and SaaS in the future," Moroney added. "Why would you go to Gen One when you can go into Gen Two?
Because we were on the cloud, we were able to create a lot of software around Temenos in order to compete in our market, so we didn't have to think too much about those physical system boundaries," Vona noted.
Collection
[
|
...
]