The financial group has signed up to the core banking platform and AML solutions of the Swiss firm.

The Caribbean-based banking group Euro Pacific Bank, founded by the renowned US economic “bear” Peter Schiff, famed for his fears that the dollar will collapse, has chosen the T24 core banking platform and anti-money laundering solutions provided by Swiss-listed financial technology house Temenos.

The T24 cloud-based model bank will give Euro Pacific Bank a single, comprehensive view of each customer, according to a statement from Temenos. The offerings will allow the bank to “provide better customer service through a range of channels and offer the same range of products that clients would expect from a global bank at a price that larger competitors without cloud-based systems struggle to match,” it added. 

The solution also includes integrated output and document management, provided by EFS Technology, which takes T24 data and turns it into personalised customer statements, investment summaries and financial reports. The package will be delivered on the Microsoft Azure cloud platform, in European data centers, with implementation services delivered by SOFGEN, Temenos partners, the statement said.

Euro Pacific Bank has 4,000 customers worldwide, who between them run a total of 10,000 accounts, over 80 per cent of which are in G20 countries.
 

Temenos provides software for banks and other financial institutions. More than 2,000 firms, including 38 of the top 50 banks, use its systems.