Vancity will migrate its core banking system to Temenos SaaS

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The Canadian credit union Vancity has chosen Temenos SaaS and plans to gradually migrate its existing business while adding digital banking services on the platform. The project will use a phased build-and-migrate strategy covering retail deposits, retail lending, commercial banking and payments. The scope includes Temenos Core, Temenos Payments Hub and Temenos Data Hub, with the platform deployed on Microsoft Azure.