Expanding the presence of cards-as-a-service business into new markets
The white label card and banking-as-a-service provider, Optimus Cards, chose Temenos open platform for composable banking to support the expansion of its cards-as-a-service business. Temenos will help the UK Electronic-Money Institution launch new products faster and scale efficiently as it expands into new markets. As part of Uphold, the global multi-asset digital trading platform with over 10 million users, Optimus has expansive growth plans. It is launching new white-label credit card and multi-asset crypto-enabled debit card services and partnering with local regulated issuers in Europe and the U.S. to expand its footprint and tap new growth opportunities.
“Our strategy is based on innovation, speed and flexibility, providing solutions to mutual institutions like credit unions and building societies, and to innovative fintechs bringing Web 3 services to the market. The economics of our offering enables customers of all sizes to offer card services profitably, and that requires a high-performance technology stack. Optimus chose Temenos for the platform’s proven reliability and resilience, and the flexibility to compose solutions for a broader range of Banking-as-a-Service offerings in the future. With a client base that includes more than 3,000 banking clients and 500 credit unions in the U.S., Temenos also has a huge customer ecosystem and experience that will be invaluable as we push into new markets.”Lindsay Robertson, CEO, Optimus Cards