Written byFinTech Futures 4th April 2019
Payment service provider Truevo has chosen software from Temenos to launch a payments line targeting the global fintech community for the first time, reports Jane Connolly.
A licensed financial institution serving the corporate wholesale market, Malta-based Truevo selected a number of Temenos’ cloud-native, cloud-agnostic banking solutions to provide an end-to-end digital platform.
The company chose digital front office product Temenos Infinity and core banking solution Temenos T24 Transact, as well as Temenos Payments Hub and Financial Crime Mitigation.
“We believe that Temenos T24 Transact and Temenos Infinity offer the most complete set of core banking and digital front office capabilities, designed with a customer-first approach,” says David Liu, CEO and director at Truevo.
“These products will provide us with the speed and flexibility to future-proof our business as we launch the next phase in our global expansion – partnering with fintechs to achieve our goal of reaching one million business clients.”
Truevo is the latest company to choose Temenos software to drive growth and advance digital transformation. Today the firm announced that Danish financial services disruptor PASPX has picked the same solutions aiming to lower the cost of deployment and increase the speed of innovation.
This follows the news that Temenos will partner with three Finnish banks – Savings Banks Group, Oma Savings Bank Plc and POP Bank Group – to power a new shared digital core banking platform, implemented and managed by Cognizant.
Earlier this week, Dutch banking giant ABN Amro revealed it would be using Temenos’ Continuous Deployment Software-as-a-Service (SaaS) product to reduce software release cycles.