Temenos Partners with Mibanco for Banking Transformation
Grand Lancy, Switzerland – February 11, 2026 – Temenos (SIX: TEMN), a key player in banking technology, has announced that Banco de la Microempresa SA (Mibanco), the top microfinance bank in Peru, is adopting Temenos SaaS. This move aims to modernize its core banking system while enhancing financial access for small and medium-sized enterprises across the country.
As a part of its digital transformation strategy, Mibanco will implement Temenos Core and Temenos Data Hub as SaaS. This initiative is designed to speed up product launches, enhance customer experience, and boost operational efficiency. With the flexible and feature-rich Temenos Core, Mibanco can quickly introduce new offerings tailored for its small and medium-sized business clients, ensuring they enjoy more reliable digital transactions and streamlined service processes.
Mibanco, which is affiliated with the Credicorp group—owner of Peru’s largest bank, BCP—serves over 1.9 million active customers and manages assets exceeding 18.2 billion pesos (approximately US$5.4 billion). The bank primarily focuses on micro, small, and medium-sized enterprises, especially those in underserved and informal sectors. It provides various financial services such as credit, savings, and insurance through innovative digital platforms and an extensive branch network.
By utilizing Temenos SaaS, Mibanco will have access to a scalable and agile solution that supports its growth objectives in Peru. Notably, around 99% of businesses in the country are classified as microenterprises, leaving nearly 7 million businesses and individuals unbanked. Transitioning to a SaaS model allows banks to prioritize financial outreach and foster innovation for these communities rather than spend time managing technology.
Mibanco is deploying Temenos SaaS on Microsoft Azure, facilitating smooth integration and delivering a cohesive commercial overview across all cloud-based investments, thus optimizing resource use. Temenos SaaS can be accessed via the Microsoft Marketplace.
Alberto del Solar, Deputy CEO of Mibanco, stated, “We are excited to select Temenos for this major transformation project, thanks to its top-tier technology and proven SaaS capabilities. Operating on Microsoft Azure will help us scale our effective microfinance model, providing quicker digital products and services to small businesses, and promoting sustainable economic growth in Peru.”
Rodrigo Silva, President of Temenos Americas, remarked, “We are thrilled that Mibanco, a member of Peru’s largest financial group, has decided to modernize its core banking with Temenos SaaS. This decision showcases the strength and flexibility of our leading core banking suite, along with our localized capabilities and market expertise. We look forward to collaborating with Mibanco as it continues to promote financial inclusion throughout Latin America.”
