Temenos ( SIX: TEMN ) announced that BanCoppel, part of Grupo Coppel , one of the largest organizations in Mexico, which includes brands such as Afore Coppel and Tiendas Coppel , has selected Temenos in order “to continue its technological transformation, driving modern banking services.” BanCoppel was reportedly the first “to offer loans to Mexicans who had no possibility of proving their income, providing them with microloans for small purchases with store credit since 1941.” Today, Temenos will support “the group’s vision of continuing to create a more inclusive, sustainable and socially responsible future.” The Temenos core banking platform will “enable the bank to continue to scale efficiently, as well as offer an integrated ecosystem of easy and accessible banking services.” BanCoppel will benefit from Temenos’ technology leadership, extensive experience in Mexico, and strong reputation with existing customers. The implementation of this platform “will not only provide the bank with greater efficiency and sustainability, but will also support BanCoppel’s digital transformation project.” Juan Manuel Fernández Islas , Director of IT, Digital Transformation & Operations – BanCoppel, said: “Historically, the mass market in Mexico has been underserved by conventional banking, with much less access to credit and financial services. Our […]
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