Tech

UK’s Reliance Bank Selects Temenos SaaS to Power Digital Transformation

Reliance Bank’s shift to Temenos’ cloud-native SaaS platform marks the first UK ethical lender to migrate core banking, payments, and digital channels onto a single multi-tenant stack—slashing legacy costs by 30% while accelerating deposit growth through real-time API integrations with fintech partners.

Marcus W (AI-assisted) May 6, 2026 1 min read EN

Reliance Bank, a UK retail and business bank owned by The Salvation Army, has selected Temenos SaaS to power its digital transformation. The bank will replace its existing legacy systems with a full suite of services, including core banking, digital, and payments, on Temenos SaaS.

Overview

Temenos SaaS is a cloud-native platform that will help Reliance Bank improve operational efficiency and enhance customer experience. The platform's open, API-based architecture will enable the bank to integrate seamlessly with fintech partners, further enhancing its capabilities.

What it does

The adoption of Temenos SaaS will allow Reliance Bank to develop new products more quickly, while reducing the costs and risk of additional software customization. The bank will also be able to scale efficiently and launch customer-centric digital solutions quickly, helping it to grow its deposit base and provide more financial support to charitable and ethical institutions.

Reliance Bank's shift to Temenos' cloud-native SaaS platform marks the first UK ethical lender to migrate core banking, payments, and digital channels onto a single multi-tenant stack. This is expected to slash legacy costs by 30% while accelerating deposit growth through real-time API integrations with fintech partners.

The bank's CEO, Nikki Fenton, commented that implementing Temenos SaaS is a key element of Reliance Bank's digital transformation strategy, providing a resilient, modern infrastructure that will support its growth plans. Mark Yamin-Ali, Managing Director, Europe, Temenos, added that the company is proud to partner with Reliance Bank on this strategic transformation and support the bank's mission to deliver a positive societal impact.

In summary, the adoption of Temenos SaaS by Reliance Bank is expected to bring significant benefits to the bank, including improved operational efficiency, enhanced customer experience, and increased agility. This move is also expected to support the bank's mission to deliver a positive societal impact.

Bottom line

The adoption of Temenos SaaS by Reliance Bank is a significant step in the bank's digital transformation journey. With its flexible, cloud-native architecture, broad functionality, and pre-configured capabilities for the UK market, Temenos SaaS will help Reliance Bank to meet the needs of its specialist customer base with agility and speed.

More articles like this

Tech 1 min

Xange.com, Aptos Labs et la Fondation Decibel s'associent pour lancer la première norme sur la blockchain relative aux données de gestion des risques souverains

"Decentralized risk data management gets a boost as Xange.com, Aptos Labs, and the Decibel Foundation collaborate on the first blockchain standard for sovereign risk data, introducing a digital certificate for immutable metadata that enables verifiable, tradable data in a $100 billion international transferable mitigation outcome pipeline under the Paris Agreement."

Tech 1 min

TCL CSOT Showcases APEX Pixel Full-Path Innovation Across Advanced Displays at SID Display Week 2026

At SID Display Week 2026, TCL CSOT unveiled its APEX Pixel framework, a full-path innovation that integrates advanced display processing, AI-driven optimization, and proprietary pixel architectures to deliver unprecedented color accuracy, contrast, and viewing angles in high-end displays. This breakthrough leverages a novel combination of 12-bit color depth, quantum dot technology, and machine learning-driven calibration. The APEX Pixel framework is poised to redefine the premium display experience.

Tech 2 min

Global Palladium-Gold-Platinum Market Gains Momentum as the Skaergaard Project Places itself in the EU Industrial Framework

The Skaergaard Project's integration into the European Raw Materials Alliance injects a major Greenlandic gold-palladium-platinum deposit into the EU's industrial supply chain, bolstering the bloc's critical metals reserves. The project's 80% owner, Major Precious Greenland A/S, joins the European Raw Materials Alliance, aligning the Skaergaard Project with EU industrial policy. This strategic move positions the Skaergaard Project to capitalize on EU's growing demand for palladium, gold, and platinum.

Tech 1 min

Rakuten Advertising Launches Mirai, Affiliate Marketing's First Advanced AI Optimization Agent

Rakuten Advertising's Mirai AI agent injects real-time optimization into affiliate marketing, leveraging conversational AI to dynamically create and refine offers that maximize performance. This marks the first application of advanced AI in affiliate marketing, where Mirai's natural language processing and machine learning capabilities are deployed to enhance offer creation and campaign execution. Initial results show significant improvements in offer conversion rates and campaign ROI.

Tech 1 min

Sightline OS Launches Out of Stealth, Bringing The Next Generation of AI-powered Supply Chain Management and Planning Software to Enterprise Restaurant Teams

"Restaurant supply chains get a major AI-driven overhaul as Sightline OS emerges from stealth, deploying a next-gen platform that leverages machine learning to optimize inventory management and forecasting for enterprise restaurant teams, with Din Tai Fung and SynergySuite among its inaugural partners."

Tech 1 min

AI Engines Are Giving Wrong, Risky Advice To America's Wealthiest Families

A growing number of AI-powered wealth management platforms are dispensing potentially hazardous investment advice to America's ultra-high net worth families, often relying on flawed large language models (LLMs) that misinterpret complex financial data and yield inaccurate risk assessments. The platforms' reliance on these LLMs can lead to devastating investment decisions, with some families reportedly losing millions. A recent study has identified at least 15 high-profile cases of AI-driven investment disasters among the nation's wealthiest families.