Questrade Financial Group (QFG) has gone live with Temenos Core Banking SaaS to support the launch of banking products in Canada through its new regulated banking entity, Questbank.
The deployment gives Questbank a cloud-native core banking platform designed to provide the scalability, resilience, and real-time data capabilities needed to introduce new deposit and mortgage products to the Canadian market. The platform will support Questrade’s broader ambition to expand beyond investment services and deepen its presence in banking.
According to Questbank COO David Furlong, the new infrastructure will help the company innovate faster while maintaining the reliability and trust Canadians expect from a bank. He noted that access to real-time data and a modern composable core will be essential as the group brings new banking services to market.
Temenos said its SaaS platform enabled the rapid configuration of Questbank’s initial product set while aligning with key OSFI requirements. Over time, the architecture is expected to support more intelligent, data-driven banking services at scale.
Temenos CRO William Moroney described the go-live as another important milestone for the company in North America, adding that Questrade’s move into banking highlights growing demand for modern, cloud-based core infrastructure that can support speed, resilience, and regulatory confidence.
The launch reflects a wider trend in the Canadian financial sector, where established financial services groups are using cloud-native banking platforms to enter new segments and accelerate product rollout.