Global banking software company Temenos has launched a new collaborative fintech marketplace, Temenos Exchange, according to a statement by the company.
The market provides pre-integrated and certified fintech solutions that are deployable within the Temenos Banking Cloud. It is the core element of the recently announced Temenos Scale Developer Program, which has a focus to promote and monetise new financial solutions.
Banks will be able to launch new financial services at reduced costs of development through the fintech marketplace, the statement said. Meanwhile, it also acts as an accelerator for fintech companies and software developers, allowing them to develop, validate and monetise new banking solutions.
“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,”
Martin Bailey, Director of Innovation and Ecosystems at the company, said.
Temenos Exchange will reach a network of 3,000 banking clients globally
The statement noted that fintech companies and developers will be able to access a global network of 3,000 banking clients across 150 countries, to sell their solutions through the Temenos Exchange.
Other benefits include access to an API portal, multi-product sandboxes, and improved tooling. Meanwhile, early-stage fintech companies will also be able to tap into business expertise and support provided by Temenos, including proof of concept testing, the statement said.
The marketplace currently supports about 50 fintech companies. The company expects this to grow to over 200 companies in the next few years. It is also “significantly expanding” its integrations team so that solutions on the marketplace are tested, secure and bank-ready, the statement said.
Featured imaged: edited from Unsplash
