Truevo is a new kind of financial institution, fulfilling a dual role as an acquiring bank and payment service provider for business clients. Founded in 2013, Truevo now plans to expand operations and launch targeted services for fintechs. To support this transformation, the company is deploying a cloud-native, end-to-end platform for innovation from Temenos, including Temenos T24 Transact for core banking and Temenos Infinity for digital front-office capabilities. Truevo will also use Temenos Payments to enable massive scalability and straight-through processing, and Temenos Financial Crime Mitigation to counter fraud. With Temenos, Truevo is perfectly positioned to bring new services to market quickly and meet its goal of reaching one million clients.
“We chose Temenos because their vision of accelerating growth through digital innovation matches our own. Our mission is to make simple, intuitive and user-friendly payment products that allow our customers to receive payments effortlessly, so they can focus on growing their businesses.We believe that Temenos T24 Transact and Temenos Infinity offer the most complete set of core banking and digital front office capabilities, designed with a customer-first approach. These products will provide us with the speed and flexibility to future-proof our business as we launch the next phase in our global expansion – partnering with fintechs to achieve our goal of reaching one million business clients.”David Liu, CEO and Director
Malta-founded payments provider selects Temenos’ cloud-native, cloud-agnostic banking software