Temenos (SIX: TEMN) today announced it has signed an agreement with
By leveraging Temenos composable banking capabilities and
This new offering on Temenos SaaS is designed to offer EMIs a cost-effective, scalable, and secure banking platform, enhancing their ability to launch operations swiftly with a suite of pre-configured, composable banking capabilities that cater specifically to the EMI sector - with features such as multi-currency accounts, virtual and physical cards, client onboarding checks, domestic and international payments orchestration and routing, transactions screening, and regulatory reporting.
Moreover, the service facilitates dynamic scaling, cost efficiency, and sustainability. It also provides the flexibility to incorporate additional banking functionalities as EMIs evolve, supporting their growth and future-proofing their operations.
This SaaS offering is designed to be a springboard for financial innovation, which can also be leveraged by start-up/challenger banks, smaller established banks, and building societies as a cost-effective yet functionally rich and robust foundation to rapidly develop and deploy financial products and services.
Currently being rolled out at an EMI in the
'With almost 600 EMIs in
Pankaj S Kulkarni, Head for BFSI -
'Our collaboration with Temenos creates an unparalleled value proposition in the fiercely competitive financial services sector. The joint offering combines the agility of Temenos' open, composable banking platform with our comprehensive suite of services, including customised implementation and managed support. This aligns with our focus on delivering next-generation technology services that achieve 'Scale at Speed' to meet the distinct requirements of our customers.'
Temenos Press Contacts
Temenos Global Public Relations
Tel: +44 20 7423 3857
Email: press@temenos.com
Temenos Team at Edelman Smithfield
Tel: +44 7976 353347
Email: Temenos@EdelmanSmithfield.com
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