Temenos, a banking technology provider, has unveiled an new AI-powered and pre-integrated platform to streamline payments and account services.
The unified solution — Temenos Money Movement & Management platform — combines payments, accounts, risk, and treasury modules to allow financial institutions to transfer money more efficiently, reliably, and with lower costs.
Features of the solution include AI-powered services such as automated payment repair, fraud detection, and copilot tools, which aim to minimise manual intervention and improve straight-through processing.
Built-in integration accelerators allow the quick onboarding and servicing of any digital wallets and alternative payment networks, such as Wise, Thunes, Mastercard Move, Visa Direct, and Standard Chartered Scale.
The service is targeted at banks, electronic money institutions, and other payment service providers who operate in the cross border and domestic money movement services.
Barb Morgan, chief product and technology officer at Temenos, says: “With the rapid rise of instant payments and the growing influence of AI in financial services, institutions are actively seeking solutions that are both unified and intelligent to manage increasing complexity, compliance demands, and customer expectations.
“Temenos Money Movement & Management directly addresses this market need, bringing together payments and account services in a single, AI-powered solution.”
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