Temenos (SIX: TEMN), the banking software company, today announced the appointment of Phillip Finnegan as Managing Director for the Pacific region.
Finnegan will be responsible for customer engagement and regional strategy in Australia, New Zealand and the Pacific Islands. He brings 20 years’ experience in financial services technology to spearhead Temenos’ continued business growth and support the rapid pace of banking innovation in the region.
Temenos’ cloud-native and SaaS technology is used by more banks, including more challenger banks, than any other core banking provider. Temenos’ modern technology platform enables banks to create hyper-efficient business models and accelerate innovation to differentiate their service and deliver more value to their customers.
Temenos has a strong and growing presence in the Pacific region. It has four offices, 266 employees and more than 230 clients using its core banking, payments, digital front office and fund administration technology. Recent acquisitions of Rubik, an Australian listed SaaS company providing banking, wealth management and mortgage broking solutions and Avoka, a US-headquartered SaaS leader in digital customer acquisition and on-boarding founded in Australia, have enabled Temenos to accelerate the expansion of its presence in the region.
Prior to Temenos, Finnegan spent three years as Managing Director, Pacific, at payment systems company ACI Worldwide. He has also held senior management roles at FIS, Clear2Pay and First Data Corporation as well as board member and advisory roles on a number of fintech startups. Finnegan is an industry expert on financial services technology and a regular speaker and commentator on topics including open banking, payments and banking platform modernization.
Phillip Finnegan, Managing Director - Pacific Region, Temenos, said: “I’m excited to join Temenos at this pivotal moment for the banking industry. Regulatory change in open banking, technology-driven innovation and shifting customer behaviors is creating a perfect storm for rapid change. Temenos is well placed to help banks adapt and take advantage of the new opportunities in this digital-first era. With Temenos’ technology, banks can go live and bring new products to market 10 times faster; deliver more engaging digital experiences and can operate at 10 per cent of the cost compared to legacy systems. Today, some of the most innovative banks in the region run on Temenos and I look forward to working with many more as they seek to reinvent and shape the future of banking for their customers.”
Martin Frick, Managing Director - Asia Pacific, Temenos, said: “We are delighted Phillip is joining our team to lead our growth in Australia, New Zealand and the Pacific Islands. Phillip has a strong track-record in financial services technology and brings a wealth of knowledge and expertise to the role. Payments, in particular is a key area for innovation and growth right now. Phillip’s experience, including with the New Payments Platform for instant and data rich payments in Australia, will be valuable in helping banks to reduce costs, differentiate their offerings and deliver new digital customer experiences with Temenos.”