Transforming Global Payment Solutions with Temenos SaaS
Revolutionizing Payments with Temenos SaaS
Moneycorp, recognized as a major player in the global payments and foreign exchange sector, is embarking on an exciting new journey with its recent selection of Temenos SaaS. This strategic move marks an important milestone in Moneycorp's mission to enhance its suite of products and services. By integrating Temenos' cutting-edge technology, the company aims to manage and streamline its operations more efficiently, enabling faster market entry and better service delivery worldwide.
Enhanced Client Experience through Innovative Technology
The partnership between Moneycorp and Temenos allows the payments provider to shift its focus toward growth while leveraging advanced wallet and payment capabilities. These improvements are essential to delivering an elevated client experience, encapsulated in a scalable and secure service platform that can adapt to the demands of the evolving market.
Global Operations and Unmatched Reach
Moneycorp operates on a global scale, providing extensive payment solutions across various regions, including Europe, North and South America, and Asia. Last year, the company achieved an impressive trading volume of £71 billion while serving a diverse clientele that includes over 11,000 B2B clients, 250 financial institutions, and more than 23,000 individuals. With a robust portfolio of 63 regulatory permissions in different jurisdictions, Moneycorp successfully processes more than 1 million payments every year, connecting clients in 190 countries.
Innovative Solutions Through Multi-Geographic Support
One of the standout features of Moneycorp’s collaboration with Temenos is the ability to implement new capabilities across multiple geographies seamlessly. By adopting a 'build-once, deploy anywhere' strategy, the company aims to introduce regional offerings while complying with country-specific regulations. With access to the Temenos Model Bank, loaded with pre-packaged banking functionalities, Moneycorp is set to enjoy a faster time-to-market and significantly reduced operational costs. The open, API-driven architecture provided by Temenos also facilitates smoother integration within Moneycorp's existing ecosystem, fostering innovation and operational flexibility.
Leadership Insights on the Partnership
In sharing insights about the partnership, Srini Kasturi, Group Chief Technology Officer at Moneycorp, emphasized the importance of best-in-class technology for enhancing client experiences. He stated that Moneycorp is thrilled to work with Temenos, a reputed leader in banking technology that can provide the support needed to extend their services rapidly across global markets. The ability to scale efficiently while maintaining a customer-centric approach is paramount as they continue to deliver exceptional service to their clients worldwide.
Temenos’ Commitment to Supporting Moneycorp’s Growth
Mark Yamin-Ali, Managing Director for Europe at Temenos, expressed pride in the partnership. He highlighted Moneycorp’s success as a UK-based leader in cross-border payments and acknowledged the transformative impact of this collaboration. Temenos is dedicated to providing sophisticated and highly efficient SaaS solutions that elevate Moneycorp’s core banking and payments infrastructure, setting the stage for a new era of growth and innovation.
Frequently Asked Questions
What does the partnership between Moneycorp and Temenos mean?
The partnership signifies a strategic alignment where Moneycorp adopts Temenos SaaS to enhance its global operations and service delivery.
How will Temenos SaaS benefit Moneycorp?
Temenos SaaS will allow Moneycorp to implement advanced payment solutions more efficiently, enhancing client experiences while scaling operations.
What global regions does Moneycorp operate in?
Moneycorp has a presence in Europe, North America, South America, and Asia, handling payment transactions worldwide.
How many clients does Moneycorp serve?
Moneycorp serves over 11,000 B2B clients, 250 financial institutions, and more than 23,000 private clients globally.
What is the trading volume handled by Moneycorp?
In the previous year, Moneycorp achieved a trading volume of £71 billion, demonstrating its substantial impact in the payments sector.
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