Temenos presents the Temenos Exchange as its Open Marketplace for FinTech solutions
By Joy Dumasia
Temenos, the banking software company, announced Temenos Exchange, a new FinTech marketplace to bring open banking innovation to market faster and at scale. The new marketplace will offer pre-integrated and certified FinTech solutions that can be easily deployed within the Temenos Banking Cloud, enabling banks to accelerate the creation of new financial services while reducing development costs. The Temenos Exchange is the core element within the recently announced Temenos Scale Developer Program to promote and monetize new financial solutions.
For FinTechs and software developers, Temenos Exchange will act as an accelerator, helping them develop, validate and monetize new banking solutions. Joining Temenos Exchange means they can write once and sell their solution across a vast banking audience of more than 3,000 clients in 150 countries. Collectively, this community serves the banking needs of 1.2 billion people worldwide.
A new developer program supports temenos Exchange, SCALE, which gives participants access to an API portal, shared and dedicated multi-product sandboxes to develop and validate ideas and improved tooling to speed up development. Temenos will also provide business expertise and support to early-stage FinTechs, including proof of concept testing, to bring new ideas to reality.
One of the newest FinTechs to join Temenos Exchange is Greenomy, an EU Taxonomy/SFDR Solution that enables the redirection of funds towards sustainable activities, speeding up the transition to a carbon-neutral economy in line with the European Commission’s Green Deal. The launch of Temenos Exchange and SCALE program will serve the growing appetite from banks to access innovations, even before they have achieved widespread market adoption.
Martin Bailey, Director of Innovation and Ecosystems, Temenos, said: “Temenos Exchange is all about collaboration and co-innovation, unlocking the enormous potential to create and sell solutions that transform consumer experiences and change the DNA of how banks operate. It makes it easier for banks to quickly integrate new FinTech solutions while helping developers accelerate innovation and get new ideas in front of the widest possible banking audience.”
Recently, IBS Intelligence reported that Temenos, the banking software company, announced Nordea Investment Funds SA, the largest asset manager in the Nordics, and part of the Nordea Group, has chosen Temenos Multifonds to transform its investor servicing activities in Luxembourg.
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