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PayPal CWB Varo Bank Ita and Bank Albilad receive Changemaker Awards for revolutionizing banking in 2020 and beyondTemenos also presents Chris Sozou of Virgin Money Australia with the Visionary Leadership Award for his contributions to the industryTemenos the banking software company announces the winners of the 2021 Temenos Changemaker Awards for customers presented at the annual flagship event the Temenos Community Forum TCF. The event brought together 50 industry speakers and 10000 business leaders and technologists from around the world to reinvent and shape the future of banking. These awards announced every year during TCF recognize Temenos clients like Changemaker of the Year PayPal for their contribution to their communities innovation and commitment to make banking better together with Temenos. Max Chuard Chief Executive Officer Temenos said Temenos serves over 3000 financial institutions around the world financial institutions who share our passion for making banking better for the 1.2 billion people that rely on our software for their daily banking needs. Our customers are changemakers leaders disruptors pioneers and risk-takers who believe in changing the landscape of banking by leveraging the power of technology. I am delighted to recognize PayPal CWB Varo Bank Ita Bank Albilad and Virgin Money Australia for their work with Temenos to make banking better together. Changemaker Award for Banking Experience SMEs make up 95 of businesses in many countries and yet they are consistently underserved by banks around the world. CWB has pioneered with Temenos to break the boundaries of SME banking with Temenos Virtual COO. Combining Temenos innovation and CWBs in-depth understanding of the needs of business owners the two have collaborated to bring the first Explainable AI-driven solution for SMEs to market putting business owners in control of their financial destiny. For collaborating with Temenos to unlock the value for both SMEs and the financial institutions that serve them and cementing its position as the trusted advisor for business owners in Canada Temenos recognizes CWB with the Changemaker Award for banking experience. Changemaker Award for Cloud Pioneer Ita Unibanco is a global tier 1 bank leveraging Temenos to power its banking operations on a single wealth management platform. In 2020 the bank announced that it will deploy Temenos front-to-back technology on the cloud to deliver state-of-the-art omnichannel mobile and digital banking applications to international private banking clients. The move allows Ita to reduce time to market generate efficiency and make its business better prepared for the exponential evolution of technological cycles. For leveraging The Temenos Banking Cloud to launch a new truly universal digital wealth platform Ita receives the Changemaker Award for Cloud Pioneer. Changemaker Award for Customer Engagement This award goes to Bank Albilad for achieving spectacular growth and becoming a leading bank in Saudi Arabia. Driven by their relentless focus on customer engagement and the rapid launch of new products using Temenos Transact the bank doubled its capital. Innovation is key to the success of Bank Albilad leveraging channels networks and expertise to deliver sustainable growth. Bank Albilad continues to focus on developing streamlined services value-added offerings personalized customer journeys and expert advice to make banking better. Every year Temenos recognizes one person for their contribution to their banking industry and the Temenos community. This year the Visionary Leadership Award goes to Chris Sozou at Virgin Money Australia for his work on the market launch of the challenger bank.
