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Swiss fintech Temenos launched its end-to-end Temenos Enterprise Providers on the Temenos Banking Cloud this week. The brand new providing will allow banks to decrease the price, complexity, and threat of modernization, and deploy new software program options in 24 hours.
Temenos President Product and Chief Working Officer Prima Varadhan referred to as the providing “a game-changing strategy.” Varadhan added, “the flexibility 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 components of working core banking software program.”
Temenos Enterprise Providers 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 atmosphere inside 24 hours. Whether or not the objective is the launch new enterprise traces or to modernize legacy methods, Temenos Enterprise Providers allows banks to learn from steady updates, optimum safety controls, resilience, and high-performance Service Degree Agreements. Banks and FI will even get instant 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 Providers 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 sooner time to worth.”
A Finovate alum since 2013, Temenos counts greater than 700 banks and three,000+ FIs throughout 150 international locations as customers of its expertise. 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 expertise 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 gasoline enlargement into new markets, improve product improvement, 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 circumstances. We take this as affirmation of our robust enterprise mannequin and clear market demand for our merchandise.”
A specialist in fee digitization and automation, Rivero makes funds simpler for monetary establishments, particularly issuing banks. The corporate has two main SaaS choices: Kajo, a fee scheme compliance answer, and Amiko, which supplies instruments for fraud restoration and dispute administration. Rivero has solid partnerships with greater than 20+ monetary establishments together with Swiss financial institution Cembra, which deployed Amiko, and fee card issuer Cornercard, which deployed Kajo.
“Globally, banks spend billions of {dollars} on scheme compliance and fee dispute administration,” 6 Levels Capital companion Thibault D’hondt famous. “Rivero is the primary of its form to supply a set of SaaS options to assist banks and processors tackle the problem.”
Based in 2019, Rivero relies in Zurich, Switzerland.
Right here is our have 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, gained the “Finest 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 purchasing and funds platform Tamara.
Ooredoo, a Qatar-based fintech, solid a partnership with Business Financial institution to launch its direct debit answer.
MENA-based funds options supplier Magnati collaborated with Oxinus Holdings to boost 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 answer, 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 residence.
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 increase into Colombia.
Asia-Pacific
Lien Viet Put up Joint Inventory Business 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 yr, in line 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 improvement in Ethiopia.
Vienna Cost Options teamed up with Interswitch East Africa (Kenya).
Picture by H. Emre
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