Case Study: Stanford Federal Credit Union achieves seamless, fast consumer lending with Temenos

A New Level of Control: Switching to an Open API Loan Origination Solution

Stanford Federal Credit Union needed a new consumer loan origination solution after its existing system was being discontinued. Serving more than 60,000 members in Silicon Valley, Stanford wanted a way to deliver products like its preferred credit card offering to alumni in a seamless, fast, and secure way, and turned to Temenos Loan Origination for help.

Temenos implemented a custom online credit card account opening system that was fully integrated through a secure channel, allowing Stanford to quickly memberize alumni and route applications into an approval queue. As a result, Stanford can approve cards much faster and deliver them quickly, while also gaining the flexibility to add new vendor partnerships and roll out new products more seamlessly.

Stanford Federal Credit Union

Brian Thornton

Chief Lending Officer