Green Dot selects Temenos for digital banking

Green Dot Corp., a financial technology company and owner of online bank Green Dot, has selected Temenos, a banking software company, to provide its Banking Cloud solution to power its digital bank and banking platform services, according to a press release.

Green Dot will embed its financial services including credit, payment, lending and other features into the cloud solution. The cloud will also provide digital banking services to Green Dot's more than 33 million customers.

"At Temenos we have a vision to power a world of banking where financial institutions and businesses open opportunities for people to achieve their ambitions. Green Dot continues to pioneer new ways to support underbanked Americans, through its own financial products as well as its strategy to offer embedded finance through Banking Platform Services to the world's leading brands," Dan Henry, president and CEO of Green Dot, said in the release. "Temenos' intelligent, cloud-based open banking platform will drive innovation and growth as Green Dot continues to build out its ecosystem and grow its digital bank platform and customer base. We're excited to partner with Green Dot to make banking more human and accessible for everyone."