Qik Banco Digital Dominicano, a subsidiary of Grupo Popular, has launched on the Temenos Banking Cloud to become a digital-only bank. Qik claims to be Dominican Republic’s first digital-only bank.

The neobank said that its launch on the Temenos Banking Cloud will enable it to quickly establish a presence in the Dominican Republic as it plans to onboard up to thousands of people in the first year.

The open and flexible platform will empower Qik to quickly design and deliver innovative products and services. The bank will leverage Temenos’ core banking and payments services as it launches products from debit accounts to savings to personal loans across the Dominican Republic.

In addition, Qik will be able to measure, reduce and report on their emissions with BI data, so that they can comply with regulation, address the changing needs of their customers and reach their sustainability targets.

Arturo Grullón Finet, CEO of Qik said,

“We wanted to create a bank with agility, flexibility and state-of-the-art technology to improve the banking experience and create availability to banking services to a larger portion of Dominicans.

 

That’s why we chose Temenos, because its cloud technology has a successful track record across Latin America and we knew that it could help us deliver a digital experience that redefines banking so that our customers can bank smarter, happier and more connected than ever before.”

Enrique Ramos O’Reilly, SVP – Customer Success and Partners at Temenos said,

“Leveraging the Temenos Banking Cloud, Qik can quickly and easily experiment, innovate and launch new products to market to drive growth and enhance the customer experience.

 

We’re excited to have delivered this project with Qik, and look forward to seeing how they redefine what it means to bank in a world where banking has no walls.”

Featured image credit: Edited from Unsplash