News joins Temenos Exchange

Thursday 24 March 2022 10:34 CET | News, which is building a Financial Market Infrastructure (FMI) to solve friction in cross-border settlements, has joined Temenos Exchange, the open marketplace for fintech solutions.

As a result of the new relationship, Temenos banking customers will have access to the Liquidity Settlement System, which makes real-time, inter-bank settlement of wholesale FX possible on a PvP basis, in both developed and emerging market currencies.

The Liquidity Settlement System facilitates simultaneous transfers of liquidity in the traded currency pair. This is done point-to-point between banks, so there’s no need for an intermediary in the flow of funds. Interested banks can conduct a Proof-of-Value within a dedicated staging environment to test the system, ahead of formal trialling and becoming a live participant.

Temenos Exchange offers pre-integrated and approved fintech solutions that can be deployed on top of Temenos’ open platform – enabling banks to accelerate the creation of new financial services while reducing development costs.

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Keywords: Temenos, partnership, cross-border payments, fintech, FX
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech

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