LITHUANIA – Šiaulių Bankas, one of the leading banks in Lithuania, has announced that it has selected Temenos, the banking software company, to modernise its core banking platform. The partnership will enable Šiaulių Bankas to enhance its digital capabilities and offer its customers a more efficient and seamless banking experience.
With Temenos’ advanced core banking platform, Šiaulių Bankas will be able to streamline its operations, reduce manual processes, and improve customer service. The platform will also allow the bank to introduce new products and services more quickly, helping it to stay competitive in the rapidly evolving banking industry.
“We are pleased to partner with Temenos to modernise our core banking platform,” said Šiaulių Bankas CEO. “This partnership will enable us to better serve our customers and drive our digital transformation strategy forward.”
Founded in 1993, Šiaulių Bankas has grown to become one of the largest banks in Lithuania, with a network of branches and ATMs across the country. The bank serves a wide range of customers, from individual consumers to large corporations.
Temenos, headquartered in Geneva, Switzerland, is a global leader in banking software, with over 3,000 financial institutions using its solutions. The company’s core banking platform, Temenos T24 Transact, is known for its scalability, flexibility, and innovative features.
“We are excited to partner with Šiaulių Bankas to help them modernise their core banking platform,” said a spokesperson from Temenos. “With our advanced technology, the bank will be able to drive operational efficiencies, reduce costs, and deliver a superior customer experience.”
Overall, the partnership between Šiaulių Bankas and Temenos represents a significant step forward for the bank in its digital transformation journey. By modernising its core banking platform, Šiaulių Bankas is positioning itself for future growth and success in the increasingly competitive banking industry.