Finci, a Lithuanian Fintech company Payment Service Provider, went live on Temenos Payments on cloud-native technology along with Temenos Transact core banking in 4 months, to deliver a powerful app that features rich banking functionality and API-first, microservices-based technology. Finci aims to simplify daily financial management for private individuals, entrepreneurs, freelancers, start-ups. FINCI users will be able to send, manage and receive instant multi-currency payments.

FINCI also benefits from Temenos’ integrated Financial Crime Mitigation (FCM), covering watch list screening, anti-money laundering, fraud prevention and KYC with a flexible range of intelligent and versatile solutions to enhance detection and reduce cost.

FINCI will initially be available in the Baltic States and Poland with plans to extend the offering to the customers in other European countries and the UK. Temenos’ cloud-native technology provides a flexible and agile platform that enabled FINCI to quickly build and launch new payment products that are PSD2 compatible with a high level of automation and where all appropriate fraud checks are applied seamlessly.

“With Temenos’ cloud-native technology we have a robust payments capability that is fast, secure and compatible with all the various payment regulations in the markets in which we will operate. The flexibility and agility of the Temenos platform will enable us to quickly create and launch financial products while continuing to innovate the customer experience that differentiates our service.”

Maksim Paukov, acting Chief Information Officer at FINCI