Banking software provider Temenos has nabbed a former Microsoft digital strategy director to be its new managing director for Australia, New Zealand and the Pacific Islands.
Michelle Tea is taking on the role, bringing more than 25 years of experience in the technology and software sector.
She will be part of the Asia-Pacific executive leadership team.
Ms Tea was previously director of digital strategy and services at Microsoft. Prior to that, she held senior executive roles at Dimension Data, NetReturn and Jtec.
She currently sits on the board of Australian Science Innovations.
Temenos has increased its presence locally over the past year and a half, having signed on Australian neobanks Judo Bank and Volt Bank.
Martin Frick, managing director, APAC, at Temenos said Australia and New Zealand are major growth markets for the provider and its acquisitions of Avoka and Kony have accelerated their expansion in the region.
“In particular the pace of regulatory change has opened up significant opportunities in the retail and SME banking as well as the wealth management space,” Mr Frick said.
“Financial institutions are seeking more efficient ways to manage clients and reduce operational costs – such as digital channels to enable self-service and automated tools to accelerate onboarding of new clients.
“Michelle is an excellent appointment to lead our businesses in the region and build on our growth and momentum. Her commercial acumen, digital knowledge and leadership prowess are a perfect fit to enable us to deliver on our growth strategy.”
Commenting on her appointment, Ms Tea said she was excited to join the team at this point in the company’s growth trajectory.
“As more and more Australian and New Zealand financial institutions and fintechs look to digitise their platforms and provide more intuitive services, Temenos’ world-leading cloud-native, customer-agnostic, open and secure banking technology has never been more valuable.”
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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