Qik is a subsidiary of Grupo Popular, one of the largest financial groups in Latin America, operating in the Dominican Republic and Panama. It manages more than $13 billion in assets and serves over two million clients.
Through the partnership, Qik will receive access to banking services through Software-as-a-Service (SaaS) on Temenos Banking Cloud. The bank will also utilize Temenos’ core banking and payment services on a pay-as-you-go basis, as it launches products such as debit accounts, savings and personal loans.
Qik will also be able to leverage business intelligence data and measure, reduce and report emissions, as well as comply with regulations, all while reaching sustainability goals.