Temenos Payments

A truly comprehensive, universal platform for efficient payment execution and distribution – removing the need for a different system for different payment business types or payment rails.

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The Payments Repair module markedly improves straight-through processing (STP) rates by automatically repairing and enriching messages. Utilizing an extensive lexicon of Temenos maintained market data each bank is enabled to significantly improve the payment service they provide and thus increase revenues per customer and strengthen key relationships.

A dedicated payment order capability enables payments that are ready for execution directly to Temenos, with other payments being sent to your downstream systems for further processing, allowing separation of front and back-office processing. This capability improves customer experience and enhances processing efficiency.

Temenos provide a range of flexible deployment options for all payment solution propositions, but of increasing popularity is the consumption of the services through our market leading SaaS offering. We continue to invest and expand this service, supporting a range of public cloud options, reducing time to market and operational running costs for those banks that choose to subscribe and consume this secure and optimized service.

The service helps empower both billers and payers with a range of new payments options, addressing key challenges such as insufficient funds in accounts and cancellations of mandates. By elevating and standardizing the communication between billers and payers, R2P creates a dynamic and transparent flow of information that expedites the generation and execution of a payment.

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Built on the Temenos Payments Hub (TPH), Temenos Instant Payments is a full service, flexible, real-time payment solution that supports multiple and varied real-time instant payment schemes including both ISO20022 and non-ISO20022 schemes like SEPA Instant and UK Faster Payments.

Temenos Payments is SWIFT gpi ready, offering full coverage for gCCT, gCOV and gSRP rulebooks. Temenos Payments is already compliant with Swift Confirmation, thus enabling banks to remain compliant, embrace new payments services as they appear, and provide an engaging customer experience.

Embedded analytics provide real-time and contextually relevant help when serving customers and designing new products. They are used to examine previous behavior and to provide predictive insights to guide decision-making, recommendations and design assistance.

Banks need to maintain compliance across multiple jurisdictions while innovating in a vastly competitive payments arena. Temenos can help by demonstrating how to enable a sustainable, successful roadmap for multi-jurisdictional payment processors.

Lower costs with the elastic scalability, security, and control you need to shape your business.

Innovate faster with access to over 700 open APIs in the largest FinTech ecosystem.

Microservice architectures enable continuous application upgrades and cloud scalability.

Achieve true horizontal scalability in the database layer and operate on an active-active basis across multi-cloud.

Reduce cost and shorten software release cycles – code in the morning, deploy in the afternoon.

Protect your bank from modern digital threats with the highest levels of security.

Explainable AI enables transparency into automated decisions and provides intelligent banking by growing revenues, cutting costs and enhancing the customer experience.

Deliver a best-in-class user experience as a consistent and seamless multiexperience digital journey across various touch points and modes of interactions.