ATB Financial looks on Brightside with new challenger bank
25th January 2019
Canada’s ATB Financial wants to bring sunshine to the world of fintech with its very own digital challenger bank.
FinTech Futures contacted Brightside for more details and the firm says it has partnered with Technisys to build an entirely new tech stack for Brightside, to be delivered in the cloud. Technisys will supply its Cyberbank Core and Cyberbank Digital solutions (ATB itself is a major user of SAP’s systems for core banking.)
This is the first deal for Technisys in Canada and was won as a result of a competitive tender, which featured the established providers (such as Temenos and the incumbent SAP) as well as challengers (such as Thought Machine, Fidor and Mambu). Technisys tells FinTech Futures this is its third deal in North America (as it already has two clients in the US).