Optimus Cards expands partnership with Temenos to scale Cards-as-a-Service

Wednesday 8 June 2022 13:18 CET | News

White label card and BaaS provider Optimus Cards has joined the Temenos open platform for composable banking to expand its Cards-as-a-Service business.

Temenos will help the UK-based Optimus Cards to launch new products faster and efficiently scale its business as it tackles expansion into new markets.

Optimus is regulated by the FCA and is a primary card issuer and programme manager. The company mainly focuses on tech clients and provides an integrated payments platform that supports Google Pay, Apple Pay, Open Banking, contactless and virtual cards and IBANs, and UK sort-code and accounts, among others.

As part of the agreement between the two companies, the Temenos banking platform processes all transactions and manages customer accounts, while Optimus will become a lending solution to support its new credit card service. The platform connects in real time via APIs and provides extended banking and card solutions.

Currently, Temenos is one of the most reputed brands in the banking software market, catering to over 3,000 banks worldwide, including 41 of the biggest 50 banks. 

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Keywords: BaaS, partnership, expansion, Open Banking, Open Banking payments, virtual card, Issuer, regulation
Categories: Payments & Commerce
Companies: Optimus Cards, Temenos
Countries: United Kingdom
This article is part of category

Payments & Commerce

Optimus Cards



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