Temenos (SIX: TEMN) and Green Dot (NYSE: GDOT) are working together to power a digital banking service. Green Dot will use the Temenos Banking Cloud as its platform of choice to power its banking platform services (BaaS) partners. This will enable it to embed financial services – including credit, payment, lending, DDA accounts and other features – into their ecosystems. The Temenos Banking Cloud will also support Green Dot’s 33 million-plus customers who are served across its retail and direct-to-consumer digital banking channels.
Dan Henry, President and CEO of Green Dot, said they selected Temenos because their capabilities align with and support their goals to provide “exceptional, scalable solutions to our customers and partners.”
Max Chuard, CEO, Temenos, stated:
“At Temenos we have a vision to power a world of banking where financial institutions and businesses open opportunities for people to achieve their ambitions. Green Dot continues to pioneer new ways to support underbanked Americans, through its own financial products as well as its strategy to offer embedded finance through Banking Platform Services to the world’s leading brands. Temenos’ intelligent, cloud-based open banking platform will drive innovation and growth as Green Dot continues to build out its ecosystem and grow its digital bank platform and customer base. We’re excited to partner with Green Dot to make banking more human and accessible for everyone.”
Green Dot offers a diverse set of financial services including debit, checking, credit, prepaid, payroll cards and more. Temenos is a top banking software provider.