Steen Jensen, Managing Director – Europe, Temenos

PASPX, an e-money institution, has selected Temenos’ digital front office product Temenos Infinity and its core banking product Temenos T24 Transact. It has also selected Temenos’ Payments and Financial Crime Mitigation(FCM) in a bid to strengthen its business proposition. The institution aims to launch new products and services, thereby catering to the market demand.

John Hejndorf Kristiansen, CEO, PASPX, commented: “As a challenger in this space, we differentiated ourselves from the incumbents by reacting quickly to market developments and addressing customer needs before our competitors. Temenos’ rich, packaged software combined with its cutting-edge cloud technology will enable us to have the system up and running quickly while lowering the overall cost of deployment. We are excited to be partnering with Temenos as our strategic technology provider. Temenos is providing us with the end-to-end technology stack which will help us scale and retain agility as we grow.”

The supplier states that the solutions will facilitate shorter deployment time, client onboarding, detection of suspicious activity, real-time processing and online transfers. T24 Transact is expected to root out operational inefficiencies in the system and ascertain enhanced scalability.

Steen Jensen, Managing Director – Europe, Temenos, said: “We are delighted that PASPX has chosen Temenos, demonstrating our continued momentum in the Nordics. We are not just a software provider, but a strategic technology partner to grow our customers’ business. We provide the richest packaged end-to-end functionality, allowing banks and fintechs alike to avoid integration costs and speed up their software deployment. We look forward to partnering with PASPX as they set out on this journey.”

Recently, three Finnish banks- Savings Banks Group, Oma Savings Bank Plc and POP Bank Group, have chosen Temenos’ T24 Transact and Payments Hub as a part of their digital transformation strategy.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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