TS Banking Group chooses Temenos to strengthen its investment in Midwest communities

TS Banking Group chooses Temenos to strengthen its investment in Midwest communities

By Joy Dumasia

Today

  • Bank transactions
  • composable bank
  • Digital bank

Temenos announced that TS Banking Group, an Iowa-based banking institution, has selected Temenos banking services delivered on the Temenos banking cloud for a complete front-to-back digital transformation. TS Banking Group will migrate its entire banking operations to Temenos’ leading open platform for composable banking.

Based in Treynor, Iowa, TS Banking Group is a multi-chartered bank holding company with $1.5 billion in banking and trust assets and locations throughout the Midwest. This partnership will encompass three of the TS Banking Group brands: TS Bank, The Bank of Tioga and First National Bank and Trust Company. Leading the resurgence of community banking, TS Banking Group reinvests 10% of its net income locally, hosts educational events, and partners with local organizations and nonprofits as part of its mission to IGNITE PROSPERITY . TS Banking Group will implement Temenos pre-compound banking services across all three banks to increase profitability and deliver world-class banking experiences with a local touch.

Leveraging Temenos’ global expertise and continuous investment in R&D, TS Banking Group will create an open ecosystem by customizing banking services and integrating them with third-party FinTech solutions. Temenos Banking Cloud will enable TS Banking Group to increase agility, efficiency and scalability. The opening of the Temenos platform will allow TS Banking Group to design banking experiences specifically tailored to its agricultural niche audience.

Kevin Forristall, Chairman of TS Banking Groupsaid: “We chose to partner with Temenos because we believe it is the best possible way for us to serve our employees, our customers and our communities for the foreseeable future. In the debate between relationship banking and digital banking, we are committed to providing the best of both for our communities. The Temenos Banking Cloud will provide us with the agility of a challenger bank and the investment in innovation of big banks in a way that we would otherwise be unable to achieve. Through this open platform, we will reach new communities that are typically underserved and provide ongoing experiences and support to our local farmers, businesses, families and communities. »

Roman Bartik, President – ​​Americas, Temenossaid: “We are delighted that TS Banking Group has chosen Temenos Banking Cloud as its foundation to support its continued mission to lead banking in rural communities. Temenos Banking Cloud is the platform of choice for banks, whether traditional banks or traditional banks. This signing with TS Banking Group follows strong growth and customer success in the US market. Temenos’ cloud platform is paving the way for banks to deliver mission-driven products and services that delight their customers, and we look forward to partnering with TS Banking Group.

Previous post

4 FinTechs in Asia you should know

Read more

next article

Pivotal Hires Join Business Leadership Team at LendTech Pioneer DivideBuy

Read more

IBSi Daily News Analysis

June 15, 2022

Bank transactions

How the chip shortage is impacting the payments industry

Read more

IBSi FinTech Review

  • Most Trusted FinTech Journal Since 1991
  • Digital monthly issue
  • Over 60 pages of research, analysis, interviews, opinions and rankings
  • Global coverage

Subscribe now

Comments are closed.