FF News | Fintech Finance’s Post

Taurus, Temenos Offer Digital Asset Custody to Banks Demand is being driven by an increasingly clear regulatory framework. https://lnkd.in/deGiDgPu

✅ Implementing UK CoP, EU VoP, Swift BAV Complex? 👇To summarise: PSP implements 2 APIs: 1️⃣ one to use the VoP service, 2️⃣ one to provide the data, so SurePay will respond obo you, the PSP 😎And even this implementation has now been made easier if you as PSP use Temenos. ✅Go with the inventor SurePay: Best-in-Class matching service since 2017 - All schemes via one implementation - 100+ banks trust us - 7 Billion checks experience - least false positives 🕵️♀️extra fraud mitigation services available Now via Temenos even more simple to implement. SurePay UK #CoP Before Oct 2024 EU #VoP Before Oct 2025 Swift #BAV

Konsentus Verify Now Available on Temenos Exchange Brendan Jones, CCO, Konsentus said: “Making Konsentus Verify available on Temenos Exchange furthers our mission to accelerate the global adoption of open banking and open finance. We remove complexity for banks by providing them with extremely complex data in a standardised format. This is where we excel and we’re delighted to be able to offer these services to all the banks that run on Temenos’ platform. https://lnkd.in/egKWSXwM Martin Bailey Becci Furnell Michael Anderson Evelina Amanatidou Scott Rowe Angeliki Konstantinidou Roxana Zaldumbide #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

GTreasury's FinTech Partnership Unlocks More Bank API Integrations Know more:- https://lnkd.in/daYJHS7Z #fintecbuzznews #fintech #financialtechnology #fintecbuzz #financialservices #gtreasury

Temenos Introduces Temenos Positions to Transform Banking Operations Tony Coleman, Chief Technology and Innovation Officer, Temenos, commented: “The inconvenient truth for many banks is that they have no real-time positions or funds authorization across the enterprise. Temenos Positions solves this problem by providing a real-time source for all balances and funds authorization. Engineered to handle a vast number of instruments and high-volume processing, Temenos Positions can process high volumes of instruments efficiently and at scale. It does this without Close of Business processing, just a simple date flip, making it ideal for banks with large transaction volumes.” https://lnkd.in/gRyF2Dt7 Jost Hoppermann #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews #TCF2024

𝗠𝗼𝗱𝗲𝗿𝗻𝗶𝘇𝗶𝗻𝗴 𝗰𝗼𝗿𝗲 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 🌐 Legacy systems, while functional, limit innovation and increase OpEx costs in banks. Whereas next-gen core systems used by FinTechs operate at just 10% of the costs of traditional banks.  "𝙃𝙤𝙡𝙡𝙤𝙬𝙞𝙣𝙜 𝙩𝙝𝙚 𝙘𝙤𝙧𝙚" is a strategy that segregates key functions like product management and transaction services from outdated systems. By adopting this approach, banks can integrate modular, cloud-native solutions that enhance agility and innovation without disrupting daily operations. According to industry data, 70% of banks are now prioritizing cloud-based core systems to stay competitive and reduce complexity. Why now? 🔀 As the financial services landscape evolves, agility is the key to staying relevant and profitable.   #BankingTransformation #FinTechInnovation #CoreBanking #HollowingTheCore #AgileBanking #DigitalBanking Sahil Anand | Ramkumar Venkataraman | Chetan Parekh | Ramakrishnan Viswanathan | Divya Shah | Pankul Verma | Aditya Agarwal | Robin Amlôt | Amit Jain | Nikhil Gokhale | Angleen Malik | Nitin P. | Subit Saurav | Ojas Kulkarni |

Eurobank Cyprus are LIVE on Temenos 🚨 🇨🇾 🏦 The country’s third LARGEST bank with deposits exceeding €7bn, have completed a FULL IT refresh of its core and digital banking systems to further strengthens their customer service AND competitive position as the primary bank of choice 👏 💶 The transformation program gives Eurobank Cyprus an agile, future-ready banking platform and forms a GROUP-WIDE IT blueprint for other subsidiaries after replacing 85% of the bank’s IT landscape which included Temenos Core and Digital; TOGETHER with Wealth Management, Financial Crime Mitigation (FCM), Analytics AND Payments 👨💻 Michalis Louis, Chief Executive Officer, Eurobank Cyprus, commented: “The go-live with Temenos is a major milestone that allows us to transform the bank at a high level. This was a complex and challenging project, but it was expertly delivered by our internal teams and Temenos working closely together. The new Temenos platform gives us business agility to achieve our goals and opens the roadmap for further expansion, enhancements and growing the Bank’s position as a market leader through the latest technology. We look forward to building on this success for customers in Cyprus and across the Eurobank Group.” Read more on the link below! 👇 Mark Yamin-Ali #temenos #eurobank #corebanking #digitalbanking #bankingtechnology #fintech #fintechnews #privatebanking #digitaltransformation #bankingtransformation #payments #wealthmanagement

🚀 Revolutionizing Financial Transactions: From Fund Transfer Module to Temenos Payment Hub 🚀 In the ever-evolving financial services landscape, transitioning from traditional Fund Transfer Modules (#FT) to the innovative Temenos Payment Hub (#TPH) is a game-changer. 🌐 This transformation enhances payment efficiency and drives financial innovation. 🔑 Why This Transformation Matters: - Enhanced Efficiency: #TPH centralizes payment processing, streamlining transaction speed and reducing operational complexity. - Advanced Capabilities: Institutions benefit from real-time payments, advanced fraud detection, and seamless integration with diverse payment networks. - Scalability: #TPH’s robust architecture supports scalability and flexibility, enabling financial institutions to meet evolving market demands and regulatory requirements. 🌟 Why ITSS Stands Out for TPH Implementation in Banks: - Unmatched Expertise & Proven Experience: #ITSS leverages a wealth of industry knowledge and hands-on experience to guide banks through a seamless and efficient #TPH transition. - Bespoke Solutions Tailored to Your Needs: #ITSS delivers customized solutions designed to meet your specific needs and strategic objectives, ensuring that your #TPH implementation aligns perfectly with your goals. - Effortless Integration & Optimal Performance: #ITSS excels in integrating #TPH with your existing systems, ensuring minimal disruption and maximizing operational efficiency. 📈 For More Information: To explore how #ITSS can empower your bank to fully leverage the Temenos Payment Hub and drive forward-thinking innovation, visit our site: https://lnkd.in/dvgwE2w3 Discover how partnering with #ITSS for your #TPH implementation can elevate your institution’s capabilities and secure a competitive edge in the financial services sector. #FinancialServices #TemenosPaymentHub #FundTransferModule #ITSS #DigitalTransformation #PaymentsInnovation #Fintech

OneBanx have launched their LATEST innovation...the Instant Deposit Service for Businesses 💷 🏦 👏 The PIONEERING solution is designed to meet the cash management needs of small businesses in areas that don't have access to a traditional bank branch by FULLY digitising cash transactions 🤝 📲 OneBanx’s new service also supports ALL major UK high street as well as digital banks to address service gaps by operating in a multi-bank environment, allowing for enhanced security measures which can be tailored in collaboration with individual banks 👨💻 Javed Anjum, CEO of OneBanx, remarked, “The launch of the OneBanx Instant Deposit for Businesses stems from extensive customer research and feedback over the past three years, representing clients of all major banks. In today’s evolving regulatory landscape, this solution stands as a game-changer for banks seeking efficient, rapid-deployment solutions.” Find out more on the link below! 👇 #onebanx #businessdeposit #fintech #fintechnews #bankbranches #cashmanagement #multibank #banking #retailbanking #highstreetbank

We are thrilled to announce that we have successfully implemented OpenWealth at our longstanding client LGT Private Banking in partnership with Synpulse8.   OpenWealth ensures standardized connectivity between LGT and its financial intermediaries, providing them with near real-time access to the bank’s investment positions and transaction data. This in turn reduces operational risks and enables financial intermediaries to update their platforms with more timely and accurate data.   Markus Werner, Member of the Executive Board at LGT Bank AG, said: “OpenWealth will strengthen our relationships with independent asset managers, family offices and trustees and support our ambitions as a forward-looking custody bank. The standardized solution will ensure that our partners have access to the latest data to better serve their clients. We look forward to strengthening our long-term partnership with Avaloq in the coming years and to continuing our joint development activities for enhanced connectivity with financial intermediaries globally.”   Martin Büchi, Chief Technology Officer at Avaloq, said: “For nearly 20 years, our partnership with LGT has continued to thrive as we support the bank’s long-term growth with our highly scalable core banking system as well as our web banking platform. With this latest joint innovation, LGT is taking a leading role in helping to create a more interconnected financial marketplace while enhancing the value that financial intermediaries deliver for their investors.”   Thanks to Synpulse8’s standard adapter, the entire #AvaloqCommunity can now seamlessly integrate OpenWealth into their core banking systems for improved data exchange with their network of financial intermediaries.   Read the full press release here: https://lnkd.in/gwEWqJm3   #WealthManagement #Innovation #Technology #OpenFinance #API Synpulse