Search Results for "Temenos"
10 results for "Temenos"
Deals 9
Temenos Launches BIAN-Aligned Composable Banking Services on Cloud
Temenos announced composable banking services aligned with the Banking Industry Architecture Network (BIAN) on the Temenos Banking Cloud. The services include BNPL, Challenger Bank, Retail Lending, Payment Fraud Mitigation, and KYC Customer Risk Assessment. These are deployable across public clouds or on-premise environments.
Mbanq and Temenos Launch World's First Credit Union-as-a-Service
Mbanq signed with Temenos to launch the world's first Credit Union-as-a-Service (CUaaS) and accelerate Banking-as-a-Service in the US market. The partnership embeds payments, lending, and other financial services via cloud APIs for fintechs and e-commerce platforms. This represents a novel extension of BaaS models into the credit union sector.
Temenos Launches Real-Time SaaS Data Platform for Core Banking
Temenos launched Transact Data Hub, a real-time SaaS data platform for core banking with API access. The embedded platform enables banks and fintechs to access and leverage banking data in real time. This product strengthens Temenos' position as infrastructure for BaaS and embedded finance implementations.
Varo Money Receives FDIC Deposit Insurance Approval Toward National Bank Charter
Varo Money received FDIC deposit insurance approval on February 12, 2020, advancing toward becoming a nationally chartered digital bank. Built on Temenos T24 cloud core, Varo offers features like early direct deposit and no-fee overdrafts. This milestone is significant for the BaaS landscape as it represents a fintech pursuing its own charter.
Temenos and Google Cloud Partner to Accelerate Banks' Digital Transformation
Temenos announced a global strategic partnership with Google Cloud to make its cloud-native, API-first banking software available on Google Cloud. The partnership enables over 3,000 financial institutions to leverage scalable cloud infrastructure for core banking and digital transformation. This marks a significant alignment between a major banking software provider and a hyperscale cloud platform.
Temenos Acquires Mobile Platform Kony for $559M to Boost Digital Banking
Core banking provider Temenos announced its acquisition of Kony, a mobile app development platform used by digital banking clients, for $559 million plus a $21 million earn-out. The deal was expected to close in Q4 2019. The acquisition strengthened Temenos' digital front-office capabilities for banks seeking to modernize their customer-facing channels.
Credorax Deploys Temenos Core Banking Platform on Cloud
Credorax, a licensed European fintech bank, deployed Temenos' T24 Transact core banking platform on the cloud to expand beyond merchant acquiring into cross-border payments and banking services. The deployment enhances Credorax's scalability and enables it to serve enterprises and small businesses with broader banking capabilities. This positions Credorax to offer embedded banking infrastructure for cross-border commerce.
Temenos Acquires Avoka Technologies to Bolster Digital Banking Platform
Banking software provider Temenos announced the acquisition of Avoka Technologies, a digital onboarding and customer acquisition platform for banks. The deal, announced in December 2018 with closing expected in early 2019, strengthens Temenos's digital banking toolkit. The acquisition supports banks seeking to modernize front-end experiences for account opening and lending origination.
Finn AI Provides White-Label AI Chatbot Platform to Banks Including BMO
Finn AI (formerly Payso Inc.) operated a white-label virtual assistant platform for banks, with partners including ATB Financial and BMO. The chatbot enabled budget tracking, spending analysis, automatic payments, and personalized alerts. The platform was distributed via channels like Facebook Messenger, Twitter, and Temenos Marketplace, targeting banks and credit unions.