Uniting Financial Services (UFS), worth over $1.7 billion of funds under management, has signed a deal with Temenos to offer an enhanced digital experience to its customers.
UFS provides treasury and ethical investment services to the Uniting Church in NSW and the ACT and will implement various Temenos software on Temenos cloud to transform its operational efficiencies.
The Temenos model bank approach will allow UFS to stay ahead of the regulatory requirements and implement best practice in a cost-effective manner.
UFS’ chief executive Warren Bird said the company was committed to evolving its services and solutions to best support its investors and borrowers.
“Investing in innovative, flexible and modern technologies, and working with key partners such as Temenos is an important part of this approach.
“Temenos’ Australian model bank approach offers a flexible and secure solution that meets our needs and will help us deliver a better experience to our members,” he said.
Temenos’ managing director in Asia-Pacific Martin Frick said using it’s software would allow UFS to bring innovative products to market more quickly.
“With Open Banking poised to become a reality in Australia in 2019, we are seeing customers like UFS invest in digital transformation both to achieve operational excellence and improve customer service,” he said.