Wise joins Temenos MarketPlace to boost international money transfers

By Megha Bhattacharya

Temenos has announced that Wise, formerly TransferWise, is now live on Temenos MarketPlace. The addition of Wise Platform, Wise’s infrastructural solution for banks, enables the former’s customers to quickly and easily switch on Wise’ trusted cross-border payments within their digital banking platform.

Stuart Gregory, MD, Wise Platform & Wise Business, commented, “We share Temenos’ ambition to modernize the international financial system. Though an email today travels around the world in a matter of seconds, for virtually nothing, moving money internationally is still incredibly slow and expensive. We want to change this status quo and make moving money as fast, quick and affordable as sending an email. Joining the Temenos MarketPlace brings us one step closer to achieving this mission. We are thrilled to be joining Temenos in building better experiences for banks, financial institutions and their customers.”

According to Temenos, its customers will have seamless access to Wise’ technology through Infinity digital banking platform and Transact next-generation core banking product. The Wise solution is pre-integrated for rapid implementation and time-to-value.

Martin Bailey, Product Director, Temenos, said, “Together with Wise, we are making banking better. Wise brings a truly borderless experience to international banking and payments. We’re thrilled to offer Wise Platform on Temenos MarketPlace so that our clients can leverage Wise’s unique network and infrastructure to ultimately offer faster, fairer international banking experiences to their customers.”

Recently, Experian announced the expansion of its partnership with Temenos by the integration of PowerCurve decisioning solutions into Temenos Infinity, the leading omnichannel digital banking product. Infinity covers digital engagement from acquisition to account servicing through to long-term retention, supporting multiple stages of growth. The joint offering aims to accelerate the automation decisioning process and provide a seamless way for lenders to extend credit and includes preconfigured solutions for lenders that prefer standard, “out-of-the-box” integrations to support decision-driven business processes.