Temenos has launched a marketplace, 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 the costs of development. The Temenos Exchange is the core element within the recently announced Temenos Scale Developer Program to promote and monetize new financial solutions.
Temenos Exchange is supported by a new developer program, 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.
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.
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.”
Alexander Stevens, CEO, Greenomy, said:
“The new EU Sustainable Finance legislation presents complex challenges for banks. Integrating Greenomy with Temenos and accessible on Temenos Exchange enables thousands of banks to instantly deploy the advanced software tools and capabilities needed to deliver compliant sustainability reporting. With first reports due in January 2022, banks need to act fast and the collaboration with Temenos is an accelerator in extending the reach of our solution across the banking sector.”
