Temenos and ClearBank partner to provide payments in the cloud

Thursday 19 March 2020 13:17 CET | News

Temenos, the banking software company, and ClearBank, the cloud-based clearing bank, have partnered  to provide banks with access to UK payment systems and a faster route to market for real-time payments services in the cloud. 

The relationship will use the capabilities of Temenos Payments, a universal cloud-native, cloud-agnostic payments platform, and lower the barriers to entry to UK payments schemes through ClearBank’s clearing connectivity. Temenos and ClearBank’s joint customers will benefit from an end-to-end service and access to real-time payments services, including Bacs Payment Schemes Limited (Bacs), CHAPS and Faster Payments, through ClearBank’s API-based services.

Temenos Payments is a universal cloud-native and cloud-agnostic platform which enables the centralization of payment processing for banks. The fully configurable solution is natively architected using ISO20022, and provides support for any real-time domestic scheme or regulatory initiative.

Temenos Payments can be deployed as a standalone solution or can be connected to any third party core banking system, including Temenos Transact.

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Keywords: Temenos, ClearBank, payments, cloud
Categories: Banking & Fintech | Payments General
Countries: United Kingdom
This article is part of category

Banking & Fintech