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

Based on reporting from Source.

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.

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