January 25, 2021

Swiss challenger Alpian picks cloud hosted Temenos tech

Digital banking and wealth management firm, Alpian, has selected a range of cloud hosted Temenos technologies as it gears up for launch.

Alpian is an offshoot of the REYL group

Alpian plans to launch as a full-fledged bank in 2021. The firm is backed by Geneva-based banking group REYL.

It is targeting what it calls an “untapped market” in the Swiss mass affluent market, representing 2.6 million people and $744 billion in assets.

The prospective bank has selected Temenos Transact and Temenos Payments, both on a Software-as-a-Service (SaaS) basis.

Temenos says the systems will enable Alpian to “create a hyper-efficient cost structure to deliver more value to customers”.

Alpian is also utilising Temenos’ Model Bank for ongoing product maintenance, regulatory compliance, and other related services.

“Alpian introduces a new way for affluent clients to bank attuned to how they want to manage their wealth,” says the bank’s CEO Schuyler Weiss.

“Our approach is client-centric and driven by technology and innovation. With Temenos SaaS, we can focus our resources on delivering an exceptional service and experience for our customers.

“We have set an aggressive launch timeframe and the Temenos’ modern technology will enable us to achieve our goal.”

A handful of new banks on the block have selected Temenos Transact this year. These include US-based ACDC, Swiss investment challenger FlowBank, and Taiwanese newcomer Next Bank.

Temenos CEO, Max Chuard, says his firm’s technology enables Alpian to scale efficiently with an “elastic cost structure”.

He adds: “Alpian joins our growing community of the world’s most ambitious neobanks leveraging the power of Temenos SaaS to innovate and grow without the restriction of legacy technology.”

Related: Egypt’s AAIB finally goes live with Temenos after five years