Credorax Deploys Temenos Core Banking Platform on Cloud
On January 30, 2019, Credorax announced the deployment of Temenos' T24 Transact core banking platform on the cloud, marking a significant expansion of its capabilities. As a licensed European bank previously focused on merchant acquiring, Credorax leveraged the Temenos platform to move into cross-border payments and banking services for enterprises and small businesses. The cloud-native deployment was designed to enhance scalability and enable rapid innovation, allowing Credorax to offer a broader suite of financial services.
The move positions Credorax as both a fintech and a licensed bank capable of providing embedded banking infrastructure. By adopting a modern cloud-based core banking system, Credorax can more efficiently serve merchants and businesses with integrated payment and banking solutions across borders. The partnership with Temenos highlights the growing trend of fintech banks building on BaaS-enabling technology platforms to compete with traditional financial institutions.
This deployment supports Credorax's strategy to become a full-service financial partner for its commercial clients.
- Illustrates how licensed fintech banks use cloud core banking to expand from payments into full BaaS-style offerings
- Temenos cloud deployment signals accelerating infrastructure modernization among European fintech banks