Temenos (SIX:TEMN) as we speak introduced that Convera, a non-bank world B2B funds supplier, has chosen Temenos Funds Hub working within the Temenos Cloud to modernize its funds infrastructure.
The transfer to Temenos Software program-as-a-Service (SaaS) will assist Convera to drive effectivity in fee processing from inbound funding to outbound disbursements and massively scale with the goal to double its funds volumes within the subsequent 5 years and increase its fee rails. Temenos SaaS will assist allow Convera to compete within the extremely dynamic funds market
Convera will overhaul its funds engine by progressively changing legacy programs with Temenos’ strong, scalable platform to standardize its worldwide industrial funds on a single platform. Temenos’ platform functionality to intelligently route funds over Convera’s world associate financial institution community will permit for better efficiencies and improved customer support. Convera will even use Temenos’ information hub capabilities for real-time information administration.
Temenos’ composable platform can simply combine with Convera’s current infrastructure which incorporates built-in compliance programs and fee gateways, rising automation and time to worth.
Temenos’ extremely scalable platform with confirmed localization and ongoing funding in US and world compliance will allow Convera to course of funds in a extremely environment friendly and standardized method. Temenos’ cloud-native platform will supply real-time funds and resilience giving Convera the enterprise agility required to learn from new market initiatives resembling on the spot funds and ISO 20022. With Temenos funds platform, Convera will even proceed to reinforce its straight by means of processing (STP) charges by means of superior exception dealing with.
Convera chosen Temenos after a aggressive course of together with US incumbent distributors and specialised fee distributors. Temenos gives a single platform throughout all banking verticals, fintechs, and related enterprise segments together with funds and core banking, and consequently it advantages from larger funding in R&D.
Patrick Gauthier, Chief Govt Officer, Convera, stated:
“Temenos funds platform will underpin Convera’s development technique because it transforms into a contemporary, technology-led, world B2B funds group, centered on innovation, worth, and distinctive customer support. After in depth evaluation, we chosen Temenos each for its superior cloud know-how capabilities and the belief within the staff and its native operations. Temenos is the platform of selection for large scale; we’ve a transparent path for world enlargement and look ahead to partnering with Temenos with its world experience to assist us alongside the best way.”
Philip Barnett, President Americas, Temenos, stated:
“We’re excited to be chosen by Convera, one of many largest fintechs, to modernize its funds infrastructure. We see great development alternatives within the funds area, and we proceed to closely put money into our single code base throughout core banking and funds making our providing essentially the most compelling available in the market. With Temenos Funds Hub working on Temenos SaaS, Convera can have a contemporary funds platform which may scale massively and propel its enlargement plans. With our SaaS answer, Convera will keep agile and on the forefront of innovation and ship quick, dependable, and clear fee companies to its company prospects. Temenos gives a confirmed SaaS mannequin along with strong US pre-configured capabilities, which is compelling for monetary establishments of all sizes to maneuver to Temenos.”