Mbanq Partners with Temenos to Introduce Credit-Union-as-a-Service Offering

Temenos, an open banking cloud platform, announced that it has inked a partnership with Mbanq, a fintech that focuses on Banking as a Service (BaaS), to launch an innovative Credit-Union-as-a Service (CUaaS) offering and to accelerate BaaS adoption across the US.

Offered by Mbanq’s Credit Union Service Organization (CUSO) and powered by The Temenos Banking Cloud, CUaaS will help US Credit Unions of any size accelerate their digital transformation and deliver innovative digital financial services and outstanding experiences to members.

Mbanq’s CUaaS combines Temenos’ modern cloud technology with operations, legal compliance and financial services solutions, wrapped into a single Credit Union ecosystem. Together, Mbanq and Temenos will offer rapid digital transformation so Credit Unions can deliver competitive financial services to their members through all touchpoints.

“With this strategic agreement with Mbanq, we are opening up a new channel to the BaaS space and are increasing our penetration in the US Credit Union market,”Max Chuard, CEO, Temenos said.”Together with Mbanq, we can support Credit Union digital transformation, taking away the complexity of managing technology so they can focus on providing innovative banking services to members.”

​“We are delighted to partner with Temenos, the market-leading banking technology provider,”Vlad Lounegov, CEO, Mbanq added.”This game-changing partnership will drive our company’s growth and help regulated and unregulated entities transform their offerings, technology and customer experiences in the digital post-pandemic world.”