Vancity Selects Temenos SaaS to Modernize Core Banking

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Postmedia has not reviewed the content. by GlobeNewswire Vancity Selects Temenos SaaS to Modernize Core BankingAuthor of the article:Canada's largest credit union strengthens its technology foundation to increase efficiency and support its next phase of growth GNWCanada’s largest credit union strengthens its technology foundation to increase efficiency and support its next phase of growthTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountVANCOUVER, Canada and GRAND-LANCY, Switzerland, Oct. 26, 2026 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN), a global leader in banking technology, today announced that Vancity has selected Temenos SaaS to modernize its core banking platform and support its next phase of growth.This advertisement has not loaded yet, but your article continues below.Serving the needs of more than 588,000 members across more than three million accounts and reporting CAD $42.4 billion in assets, Vancity is Canada’s largest credit union and one of the country’s most significant member-owned financial institutions.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againWith Temenos, Vancity will follow a build-and-migrate strategy, enabling it to introduce new digital banking capabilities while progressively modernizing its existing operations. This approach will help Vancity transition to Temenos’ modern SaaS platform at a pace that protects members, operations and business continuity.The transformation program will support core banking operations across Vancity’s main business lines, including retail deposits, retail lending, corporate banking, and payments. The scope includes Temenos Core, Temenos Payments Hub and Temenos Data Hub.Deployed on Microsoft Azure, Temenos SaaS will provide Vancity with a scalable and resilient foundation while simplifying the management of its core banking technology and supporting its ESG commitments through a more efficient technology environment.This advertisement has not loaded yet, but your article continues below.Wendy Murphy, Chief Technology Officer, Vancity, commented: “Banking is changing, and the technology behind it needs to change too. Moving to Temenos SaaS represents a deliberate shift toward a simpler, more scalable technology foundation that can continuously evolve, allowing Vancity to innovate faster and respond to our members’ changing needs. It means we can spend less time managing complexity and more time investing in better banking experiences for our members.”Brian DuVal, President, North America, Temenos, said: “Vancity is one of Canada’s most significant financial institutions with a broad and sophisticated banking operation. This program underscores how Temenos’ modern technology platform can help established financial institutions across North America move core banking operations to the cloud while supporting the breadth and complexity of their business.”Scott Rowe Temenos + 44 (0) 20 7423 3857 scott.rowe@temenos.com This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.