GENEVA, Switzerland – March 23, 2018 – Temenos (SIX: TEMN), the banking software company, has won the “Payment Innovation of the Year” award from FStech, a leading business website for IT decision makers in the financial services sector.
The award recognizes Temenos as the first to offer the Payments Hub integrated with a core banking platform in the cloud. The expansion enables financial institutions to run and process payments and core banking in a single, scalable solution for banks and financial institutions of any size in the cloud. The Payments Hub can be implemented standalone, or embedded in Temenos’ T24 Core Banking platform which is already established as a leading Open Banking solution.
Darryl Proctor, Product Director – Payments, at Temenos, said:
“We are proud to receive this award, which further affirms our commitment to the payments industry. Our vision is rooted in our drive to innovate. We launched our Payments Hub into the cloud which can be delivered as stand-alone or a fully embedded into our core banking solution. Open Banking is increasing digital payment volumes which are expected to become the payments mainstay. Along with our clients, FSTech acknowledges our innovation, bringing payments as a service to the mainstream”
Peter Walker, Editor, FStech commenting on the win, said:
“The FStech awards recognize excellence and innovation within the UK and EMEA financial services sector. Temenos was selected for leading the way in the industry with the launch of its Payments hub in the cloud, breaking down barriers between payments processing and core banking, and opening up possibilities with the scalability of the cloud.”
Now in their 18th year, the FStech Awards recognize excellence and innovation in the field of information technology within the UK and EMEA financial services sector. Winners were selected by a varied panel of expertd, which evaluated submissions to identify trailblazers in areas such as digital, systems integration and payments.