FlowBank Selects Temenos SaaS to Rapidly Launch Swiss Digital Bank and Reinvent Online Investor Experience

GENEVA–(BUSINESS WIRE)–Oct 12, 2020–

Temenos (SIX: TEMN), the banking software company, today announced that FlowBank has selected Temenos Transact delivered as SaaS to power its new digital bank in Switzerland. Temenos Transact core banking technology will enable FlowBank to rapidly launch and offer a new investing experience to private and institutional investors in Switzerland and internationally.

FlowBank has recently secured its banking license in July 2020 and is planning to launch the operations by the end of 2020. The bank aims to meet the needs of both sophisticated and new investors, who wish to manage their banking and investments on their own. The bank addresses this growing market segment by offering a simple, reliable investment experience open to all, using an optimized trading platform underpinned by Temenos Transact. The bank is FINMA-regulated and deposits are guaranteed up to CHF 100,000.

With Temenos SaaS, FlowBank will create a hyper-efficient cost model

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Swiss Central Bank Faces Crunch Talks on Work Culture Crisis

(Bloomberg) — Thomas Jordan’s biggest personnel crisis since the Swiss National Bank president took the helm eight years ago is about to come to a head.

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The central-bank chief has already been forced to defend his institution publicly over media reports claiming the work culture under his leadership discriminates against women. Now lawmakers are scrutinizing the matter, and Jordan is due to meet with his supervisory board — the Bank Council — on Monday to discuss the merit of the allegations.

“The SNB cannot afford such a blow to its reputation,” Susanne Vincenz-Stauffacher, a lawmaker for the pro-business Free Democrats, said in an interview. “It’s a wake-up call for the SNB’s Bank Council.”

A spokeswoman for the central bank declined to comment on the upcoming meeting.

The storm brewing behind the austere neo-Renaissance facade of the SNB’s 1920s-era headquarters in Zurich is an embarrassing distraction for one of

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