Temenos, the banking software company, has announced that Paymentology, the banking digitisation, payment and data specialist, is now live on Temenos MarketPlace.
The collaboration will seek to offer Temenos banking clients a pre-integrated solution to deliver card products with spend controls and enhanced features, backed by highly secure, cloud-native payment processing technology.
Abe Smith, CEO at Paymentology, commented on the integration: “As the leading cloud-native banking platform, Temenos is a natural partner for Paymentology, the leading cloud-native issuer processing platform. We share a commitment to helping banks know their customers better and deliver a better service through data and digitization.
“Together, we are helping banks better support the customer spend journey via AI-enabled data analytics, meaning they can offer service solutions for debit, credit, prepaid and commercial cards.”
The SaaS solution provided by Paymentology seeks to empower banks to have more control over their cardholders’ spend-cycle, allowing them to create and modify card programs in minutes, not months. It also will enable banks to offer buy-now-pay-later (BNPL) and installment services, as well as insurance, to their cardholders.
Martin Bailey, Product Director, Temenos, added: “Paymentology is one of the most advanced cloud-native issuer processing platforms. They are a global leader in guiding banks to the forefront of the digital payment millennium, with unparalleled flexibility, security and data-rich reporting.
“Through Temenos MarketPlace, we are opening up this capability to our clients worldwide, enabling them to deliver innovative payment experiences much faster. In today’s hyper-competitive payments market, this ability is vital for banks to differentiate and stay ahead of the curve.”