Transaction Systems and Orion Innovation Unite for Financial Services

Transaction Systems and Orion Innovation Form Exciting Alliance

Transaction Systems and Orion Innovation, recognized leaders in the IT sector, have entered into a strategic partnership aimed at transforming the financial services landscape. This collaboration seeks to offer an extensive range of professional services and solutions, including Temenos Core Banking Solutions, to organizations within the financial sector. By aligning their efforts across presales, sales, and delivery activities, both companies are committed to delivering exceptional implementation, integration, and maintenance services to their clients.

Combining Strengths for Enhanced Financial Services

The alliance allows Transaction Systems and Orion Innovation to leverage their unique strengths, expertise, and innovative solutions to better serve the financial services market. Together, they will direct their efforts toward executing professional transformation programs and enhancing vital backend systems, ultimately improving banking operations and customer service.

Strategic Expansion into New Markets

For Orion, this strategic partnership represents an opportunity for direct entry into new markets where Transaction Systems operates, extending its reach and market influence. The collaboration will enable Transaction Systems to enrich its existing solutions portfolio with cutting-edge core banking solutions powered by Temenos, a leading provider of financial technology. Orion's domain experts from various regions will greatly augment the capabilities of Transaction Systems' professional services.

A Unified Approach to Core Banking Modernization

This partnership is set to redefine core banking modernization across diverse markets. Their joint efforts will span several regions, ensuring that financial institutions in various areas receive the support needed to modernize their banking frameworks effectively.

Leadership Perspectives on the Collaboration

The leaders of both companies have expressed enthusiasm about this partnership. Martin Loeffler, Global CEO at Transaction Systems, stated, "We are excited to embark on this partnership with Orion Innovation. By combining our strengths, we are well-positioned to provide unparalleled services to our clients in the banking industry." Suchen Janjale, Head of Financial Services at Orion Innovation, added, "This collaboration represents a significant opportunity for both companies to strengthen their market position and deliver comprehensive and innovative solutions in core banking for the financial services industry."

About Transaction Systems

Transaction Systems stands as a premier provider of innovative technology solutions for the financial and retail services sectors. Specializing in payment and transaction technologies, as well as digital transformation solutions, Transaction Systems was established in 2002 and now operates in more than 35 countries. Its global presence enables the company to support clients through local teams or a network of carefully selected partners.

About Orion Innovation

Orion Innovation is a leading digital transformation and product development services firm with a strong foundation in engineering and design thinking. Boasting a workforce of around 6,400 associates, Orion collaborates with Fortune 1000 companies to enhance efficiencies and customer experiences while developing new digital solutions. Their service delivery spans multiple regions, including North America, EMEA, India, and Latin America, covering industries such as Telecom, Media & Technology, and Healthcare.

Frequently Asked Questions

What is the purpose of the partnership between Transaction Systems and Orion Innovation?

The partnership aims to provide comprehensive technology solutions and professional services to enhance the financial services industry.

How will the alliance impact financial services?

With their combined strengths, the alliance will offer innovative solutions and core banking systems to improve banking operations and customer services.

What areas will this partnership cover?

The partnership will focus on financial services markets in various regions, implementing transformation programs and modernizing backend systems.

Who leads Transaction Systems and Orion Innovation?

Martin Loeffler serves as the Global CEO at Transaction Systems, while Suchen Janjale is the Head of Financial Services at Orion Innovation.

About how many countries does Transaction Systems operate?

Transaction Systems operates in more than 35 countries worldwide, ensuring a broad geographical presence and support for clients.

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