Canadian Tire Bank Taps Temenos For Digital-first Core Banking Upgrade –

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Core banking vendor TemenosA selection of the best has been made by Canadian Tire Bank(CTB) as the company looks to replace its legacy systems Temenos’ suite of solutions and modernise its operations.

CTB taps Temenos for digital-First banking upgrade

TheUpgrade of core banking is part parent company Canadian Tire Corporation’s omni-channel digital-First growth plan. TheFirm aims to improve customer acquisition, loyalty and engagement rates through its CTB financial arm.

TemenosCEO Max ChuardSays Temenos’ platform “will help Canadian Tire Bank to scale and benefit from new business models built around its retail brands”.

CTB is the largest card issuer in Canada. CanadaThe adoption of Temenos’ tech will help the company provide enhanced digital banking features for its more than two million customers, including streamlined account opening and expanded buy now, pay later (BNPL) capabilities.

Canadian Tire Financial ServicesPresident and CEO Aayaz PiraCTB will be able to integrate its retail brands with the digital upgrade, according to. Triangle RewardsThe loyalty program currently has 11,000,000 members.

“ByInvesting in Temenos’ open platform, we will enhance our core banking system to create a modern, cloud-native, digital-first platform supporting our transformation and growth agenda,” Pira adds.

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