{"id":62244,"date":"2024-02-20T07:03:05","date_gmt":"2024-02-20T07:03:05","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/top-us-bank-commerce-goes-live-with-loan-origination-on-temenos-banking-platform\/"},"modified":"2024-02-20T07:03:05","modified_gmt":"2024-02-20T07:03:05","slug":"top-us-bank-commerce-goes-live-with-loan-origination-on-temenos-banking-platform","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/top-us-bank-commerce-goes-live-with-loan-origination-on-temenos-banking-platform\/","title":{"rendered":"Top US Bank, Commerce goes live with loan origination on Temenos banking platform"},"content":{"rendered":"
\n

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN), today announced that Commerce Bank, a top US bank, has gone live with Temenos\u2019 (Infinity) loan origination solution<\/a>, increasing operational efficiency and delivering a frictionless, hyper-personalized customer experience.<\/p>\n

The latest go-live follows the successful modernization of the bank\u2019s core banking system<\/a>, moving from legacy systems for deposits to Temenos\u2019 modern, agile and open platform tailored for the US market. In 2022, the bank migrated over 2.5 million customers and 6.9 million accounts<\/a> to the Temenos platform.<\/p>\n

Named among America\u2019s Best Banks by Forbes, Commerce operates using a \u201csuper community bank\u201d model that brings together sophisticated banking products with high-touch, high-tech delivery to create and build deep relationships.<\/p>\n

Temenos (Infinity) Loan Origination offers powerful decisioning, highly customizable applications, dynamic features, and extensive third-party integrations. The solution has been deployed to create a fast, omni-channel origination experience for securities-based loans and lines of credit provided though Commerce Trust – Commerce\u2019s Private Bank.<\/p>\n

Commerce previously relied on manual calculations, documentation and collateral gathering to process applications, which was complex to configure and set up. With Temenos (Infinity) Loan Origination, Commerce has been able to automate the process with increased digitization to eliminate paper processes, improve reliability and drive end-to-end product origination process down to 5 minutes or less.<\/p>\n

John Handy, President and Chief Executive Officer for Commerce Trust, commented:<\/strong> \u201cCommerce helps high-net-worth individuals simplify their complex financial lives. The Temenos\u2019 loan solution will help us keep ahead of the competition, to take the lending experience to the next level, increasing staff efficiency and customer satisfaction.\u201d<\/p>\n

Philip Barnett, President \u2013 Americas, Temenos, said:<\/strong> \u201cWe are delighted to build on our close relationship with Commerce to modernize its loan origination capability. This latest go live proves the strength of our banking platform, which is tailored for the needs of US banks – from large regional incumbents, and global disruptors to challenger banks. Private banking is an increasingly competitive segment in the US and with Temenos, Commerce can continue to differentiate and meet the rising expectations for personalized, fast and easy banking interactions.\u201d<\/p>\n

Temenos was recently named a Leader in IDC MarketScape: North America Lending Decisioning Platforms and is ranked as the #1 best-selling banking software for Digital Banking and Channels<\/a> by IBS Intelligence.<\/p>\n

About Temenos<\/strong>
Temenos (SIX: TEMN) is the world\u2019s leading open platform for composable banking, creating opportunities for over 1.2 billion people around the world every day. We serve 3000 banks from the largest to challengers and community banks in 150+ countries by helping them build new banking services and state-of-the-art customer experiences. The Temenos open platform helps our top-performing clients achieve return on equity three times the industry average and cost-to-income ratios half the industry average.<\/p>\n

For more information, please visit www.temenos.com<\/a>.<\/p>\n\n <\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN), today announced that Commerce Bank, a top US bank, has gone live with Temenos\u2019 (Infinity) loan origination solution, increasing operational efficiency and delivering a frictionless, hyper-personalized customer experience. The latest go-live follows the successful modernization of the bank\u2019s core banking system, moving from legacy […]<\/p>\n","protected":false},"author":2,"featured_media":62245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/1bbd228d-8b5d-4ba6-9428-8672af72f4bb","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-62244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/62244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=62244"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/62244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/62245"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=62244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=62244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=62244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}