Swiss fintech Temenos launched its end-to-end Temenos Enterprise Companies on the Temenos Banking Cloud this week. The brand new providing will allow banks to decrease the associated fee, complexity, and danger of modernization, and deploy new software program options in 24 hours.
Temenos President Product and Chief Working Officer Prima Varadhan known as the providing “a game-changing method.” Varadhan added, “the power to deploy quick, make the most of a functionally-rich system from day 1, and profit from steady updates, assist banks to assault the most important value parts of working core banking software program.”
Temenos Enterprise Companies options 120+ pre-packaged banking merchandise, predefined buyer journeys, and greater than 700 pre-configured APIs. The providing allows banks, no matter measurement, to launch a Minimal Viable Product (MVP), and have a construct and take a look at surroundings inside 24 hours. Whether or not the aim is the launch new enterprise traces or to modernize legacy techniques, Temenos Enterprise Companies allows banks to learn from steady updates, optimum safety controls, resilience, and high-performance Service Degree Agreements. Banks and FI will even get rapid entry to the Temenos Alternate ecosystem with one other 115+ complementary options.
“Velocity, safety, and enterprise agility are key for banks to compete and thrive within the digital world,” Varadhan mentioned. “With our end-to-end Temenos Enterprise Companies on Temenos Banking Cloud, banks of all sizes can have a ready-to-go system in 24 hours with pre-configured banking merchandise, activate new options, and profit from quicker time to worth.”
A Finovate alum since 2013, Temenos counts greater than 700 banks and three,000+ FIs throughout 150 nations as customers of its know-how. The Swiss fintech’s choices help retail, enterprise, and company banking, in addition to wealth administration and companies for fund directors. Temenos ended 2023 with a brand new partnership with Lesha Financial institution, a Qatar-based funding financial institution that migrated to Temenos’ core banking platform in December.
Swiss funds know-how firm Rivero raised $7 million in Sequence A funding this week. Inference Companions and 6 Levels Capital led the spherical. Kraken Ventures, Seed X Liechtenstein, the enterprise arm of PostFinance and angel investor and former Adyen COO, Robert Kraal, additionally participated within the funding. The corporate will use the capital to gas growth into new markets, improve product growth, and add to its workforce.
“We’re thrilled to share the information of our Sequence A spherical,” Rivero CEO and co-founder Thomas Müller mentioned, “particularly given the present difficult market situations. We take this as affirmation of our sturdy enterprise mannequin and clear market demand for our merchandise.”
A specialist in cost digitization and automation, Rivero makes funds simpler for monetary establishments, particularly issuing banks. The corporate has two major SaaS choices: Kajo, a cost scheme compliance resolution, and Amiko, which supplies instruments for fraud restoration and dispute administration. Rivero has cast partnerships with greater than 20+ monetary establishments together with Swiss financial institution Cembra, which deployed Amiko, and cost card issuer Cornercard, which deployed Kajo.
“Globally, banks spend billions of {dollars} on scheme compliance and cost dispute administration,” 6 Levels Capital associate Thibault D’hondt famous. “Rivero is the primary of its sort to supply a collection of SaaS options to assist banks and processors tackle the problem.”
Based in 2019, Rivero relies in Zurich, Switzerland.
Right here is our take a look at fintech innovation world wide.
Central and Jap Europe
German crypto custodian Fiona raised $15 million in strategic funding at a valuation of $100 million.
Estonian fintech Cash Industries secured a $1.5 million funding led by Caucasus Ventures.
Omnicredit, Romania’s first micro financing, scoring and factoring firm, received the “Greatest Digital Lending in CEE Amongst Fintechs” award from the SME Banking Membership Affiliation.
Center East and Northern Africa
MENA-based Paymob teamed up with GCC-based buying and funds platform Tamara.
Ooredoo, a Qatar-based fintech, cast a partnership with Industrial Financial institution to launch its direct debit resolution.
MENA-based funds options supplier Magnati collaborated with Oxinus Holdings to reinforce funds within the meals and beverage enterprise.
Central and Southern Asia
Indian pay tech Mylapay raised $550,000 in seed funding.
nanopay introduced its remittance resolution, Foree Remittance, to Pakistan courtesy of a partnership with the Nationwide Financial institution of Pakistan.
India’s Unified Funds Interface (UPI) built-in with Singapore-based PayNow to help remittance flows from Indian’s in Singapore again house.
Latin America and the Caribbean
Conta Simples, an expense administration and company card companies platform based mostly in Brazil, secured $41.5 million in new funding.
Argentina-based fintech Ualá launched the nation’s first no-fee bank card.
Brazilian fintech Nubank to develop into Colombia.
Asia-Pacific
Lien Viet Publish Joint Inventory Industrial Financial institution (LPBank) partnered with Finastra.
BitGo secured in precept approval to launch operations in Singapore.
Funding for fintech startups in Indonesia fell by greater than 50% final 12 months, in accordance with a report from Tracxn Applied sciences.
Sub-Saharan Africa
Mastercard partnered with illicocash to launch digital card program within the Democratic Republic of the Congo (DRC).
IT Net Africa seemed on the potential for fintech growth in Ethiopia.
Vienna Cost Options teamed up with Interswitch East Africa (Kenya).
Picture by H. Emre
