Hamilton Reserve Bank (HRB), a global bank headquartered in the Caribbean, has announced the completion of a full-scale upgrade to the 2024 version of Temenos banking software. The bank states it installed the new digital banking technology in seven months, setting a deployment speed record.
The upgrade includes the latest Temenos Core, Digital, Payments, and Financial Crime Mitigation (FCM) modules. This integration enables new client onboarding to be processed 100% online via Straight Through Processing (STP) and facilitates international bank wire transfers in approximately five seconds.
Sir Tony Baldry, Chairman of Hamilton Reserve Bank, stated, “New banking client applications can be approved in about 20 minutes and 100% online. The bank’s government-grade facial recognition technology delivers exceptionally fast, safe, compliant, and frictionless private banking client experience.” He also referred to Temenos as the “world’s No. 1 in banking technology.”
Rodrigo Silva, President – Americas at Temenos, commented on the development: “We congratulate Hamilton Reserve Bank on the successful and rapid upgrade to our latest banking platform. As a long-standing Temenos client, HRB continues to demonstrate what’s possible with Temenos at the core of its operations. Our technology is the foundation of modern, agile banking, and we are proud to support HRB’s continued innovation and global growth.”
Hamilton Reserve Bank serves clients in over 150 countries, supports 15 languages, and handles 126 currencies. The bank maintains a decade-long agreement with Temenos. Its operations span four business lines: Commercial Banking, Custodian Banking, Asset Management, and Investment Banking, supported by a multilingual staff. HRB is featured by Temenos as a global success story and noted for its compliance history and automated customer account approval processes.
Temenos is recognized as a provider of core banking software globally, supporting institutions in modernizing their operational infrastructure.
