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Convera selects Temenos to enhance payment infrastructure

By Delisha Fernandes

July 14, 2023

  • B2B Payments
  • B2B SaaS
  • Banks
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Temenos, NdcTech, Systems Limited, Temenos Country Model Banks, Financial Institutions, Temenos Banking Cloud, Regulatory, GCC, MENATemenos announced that Convera, a non-bank global B2B payments provider, has selected Temenos Payments Hub running in the Temenos Cloud to modernise its payments infrastructure.

The move to Temenos Software-as-a-Service (SaaS) will help Convera drive efficiency in payment processing from inbound funding to outbound disbursements. Temenos SaaS will help Convera compete in the highly dynamic payments market.

Patrick Gauthier, Chief Executive Officer, Convera, said: “Temenos payments platform will underpin Convera’s growth strategy as it transforms into a modern, technology-led, global B2B payments organisation focused on innovation, value, and exceptional customer service. After extensive assessment, we selected Temenos for its superior cloud technology capabilities and the trust in the team and its local operations. Temenos is the platform of choice for massive scale; we have a clear path for global expansion and look forward to partnering with Temenos with its global expertise to support us along the way.”

Temenos’ platform capability to intelligently route payments over Convera’s global partner bank network will allow for greater efficiencies and improved customer service. The company will also use Temenos’ data hub capabilities for real-time data management. The company’s composable platform can easily integrate with Convera’s existing infrastructure, including integrated compliance systems and payment gateways, increasing automation and time to value.

Philip Barnett, President of Americas, Temenos, said: “We are excited to be selected by Convera, one of the largest FintTechs, to modernise its payments infrastructure. We see tremendous growth opportunities in the payments space, and we continue to invest heavily in our single code base across core banking and payments making our offering the most compelling in the market. With Temenos Payments Hub running on Temenos SaaS, Convera’s modern payments platform can scale massively and propel its expansion plans. “

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