Australia's Newest Digital Bank Alex Goes Live on Temenos Banking Cloud

Temenos, the world leading company specialising in enterprise software for banks and financial services, announced that Australia's newest digital bank Alex has gone live on the Temenos Banking Cloud.

The Temenos Banking Cloud is a SaaS banking solution that gives Alex total control to deploy banking services that are easy to consume, configure and integrate with external applications. With Temenos' SaaS technology, Alex has created a hyper-efficient cost structure that enables the bank to offer better consumer credit options, like fast, competitive loans with no upfront, ongoing or hidden fees. 

Using The Temenos Banking Cloud, Alex will be able to simply and cost-efficiently scale its business and bring to market a portfolio of products to improve the consumer credit and banking experience for Australians.

Simon Beitz, Chief Executive Officer, Alex, commented: "We are thrilled to launch to market as Australia's newest digital bank, powered by The Temenos Banking Cloud. Temenos' AI-driven digital banking platform provides the perfect foundation for Alex – a bank that is both digital and human. Temenos' ultra-efficient cloud technology simplifies our business operations so we can focus on our customers' needs and help them to get more of the things in life they really care about. It also allows us to keep our operating costs at an absolute minimum, so we can pass the benefits of better value, fairer banking services on to our customers."