Vancity Selects Temenos SaaS to Modernize Core Banking
Canada’s largest credit union strengthens its technology foundation to increase efficiency and support its next phase of growth
VANCOUVER, Canada and GRAND-LANCY, Switzerland – [OCTOBER 26, 2026] – Temenos (SIX: TEMN), a global leader in banking technology, today announced that Vancity has selected Temenos SaaS to modernize its core banking platform and support its next phase of growth.
Serving the needs of more than 588,000 members across more than three million accounts and reporting CAD $42.4 billion in assets, Vancity is Canada’s largest credit union and one of the country’s most significant member-owned financial institutions.
With Temenos, Vancity will follow a build-and-migrate strategy, enabling it to introduce new digital banking capabilities while progressively modernizing its existing operations. This approach will help Vancity transition to Temenos’ modern SaaS platform at a pace that protects members, operations and business continuity.
The transformation program will support core banking operations across Vancity’s main business lines, including retail deposits, retail lending, corporate banking, and payments. The scope includes Temenos Core, Temenos Payments Hub and Temenos Data Hub.
Deployed on Microsoft Azure, Temenos SaaS will provide Vancity with a scalable and resilient foundation while simplifying the management of its core banking technology and supporting its ESG commitments through a more efficient technology environment.
Wendy Murphy, Chief Technology Officer, Vancity, commented: “Banking is changing, and the technology behind it needs to change too. Moving to Temenos SaaS represents a deliberate shift toward a simpler, more scalable technology foundation that can continuously evolve, allowing Vancity to innovate faster and respond to our members’ changing needs. It means we can spend less time managing complexity and more time investing in better banking experiences for our members.”
Brian DuVal, President, North America, Temenos, said: “Vancity is one of Canada’s most significant financial institutions with a broad and sophisticated banking operation. This program underscores how Temenos’ modern technology platform can help established financial institutions across North America move core banking operations to the cloud while supporting the breadth and complexity of their business.”
About Vancity
Vancity is a values-based financial co-operative serving the needs of its 588,000 member-owners and their communities, with offices and more than 60 branches located in Metro Vancouver and Squamish, the Fraser Valley, the Sunshine Coast, the Vancouver and Gulf Islands and Alert Bay, within the territories of the Coast Salish and Kwakwaka'wakw Peoples. With $42.4 billion in assets plus assets under administration, Vancity is Canada's largest credit union. Vancity uses its assets to help improve the financial well-being of its members while at the same time helping to develop healthy communities that are socially, economically, and environmentally sustainable.
About Temenos
Temenos (SIX: TEMN) is a global leader in banking technology. Through our market-leading core banking suite and best-in-class modular solutions, we are modernizing the banking industry. Banks of all sizes utilize our adaptable technology – on-premises, in the cloud, or as SaaS – to deliver next-generation services and AI-enhanced experiences that elevate banking for their customers. Our mission is to create a world where people can live their best financial lives.
For more information, please visit www.temenos.com.
