GENEVA, Switzerland – March 12, 2020 – Temenos (SIX: TEMN), the banking software company, today announced that TAS Group, a global provider of digital payments software, has joined the Temenos MarketPlace. With the addition of CARD 3.0 IE, Temenos clients can leverage a flexible, modular and scalable card issuing, acquiring and processing platform that can be deployed either on-premise or on the cloud. Card 3.0 IE enables banks to intelligently manage the entire card and digital payments value chain, including physical and virtual card issuance, card & PIN production, transaction processing, Apple and Google payments and payment analytics.
The Temenos Marketplace mission is to help banks find and connect with innovative fintech solutions from around the world in order to better meet customer needs. Through this ecosystem of incubators, banks and fintechs, Temenos accelerates innovation by giving new fintech solutions the exposure they need to financial institutions of every size. The addition of this powerful end-to-end card payment platform to Temenos MarketPlace enables banks to deliver a complete digital and mobile payment user experience, whether they are a digital-first challenger looking for a swift and easy deployment and short time to market, or an established player seeking to embrace digital transformation and keep pace with customer expectations.
A rich set of advanced open APIs allows banks to swiftly design and configure new digital payments solutions, tailor new user experiences and create added-value solutions. CARD 3.0 IE leverages state-of-the art technology including modern features like mobile banking, multiple accounts, multi-currency, wallets, remote and more. On the acquiring side, CARD 3.0 IE enables banks to easily manage ATMs, EFT-POS terminals and ecommerce, as well as manage merchants, card fraud, and disputes.
Peter Caiazzi, Senior Vice President of Product Development, TAS Group said: “We are excited to join the Temenos MarketPlace community for fintech providers to help banks better serve their customers. By adding our flagship card and digital payments platform to their banking ecosystem, their clients have access to a comprehensive offering of integrated products and services “under one roof”. Having already integrated with Temenos Transact in several live installations around the world, we are really looking forward to building upon this excellent collaboration.
“A major advantage of the Temenos Marketplace model and being integrated with Temenos Transact is that Card 3.0 IE can be implemented at an accelerated pace. This integrated, cloud-based approach creates a huge reduction in implementation, testing and maintenance effort and cost, especially when compared with outdated siloed legacy systems, and provides a more agile framework.”
Paul Roberts, MarketPlace Director, Temenos, added: “We continue to expand the diverse set of complementary solutions available on Temenos MarketPlace. Our clients can leverage over 60 solutions on Temenos MarketPlace to innovate, differentiate and maximize the value from their investment in Temenos Software. Cards is a key area for retail and SME banking, so we’re delighted to welcome TAS Group and its comprehensively featured card management platform to the Temenos community. With Card 3.0 IE, our clients and their card processes will benefit from the ability to quickly configure and release new products to market, while minimizing their total cost of ownership.” – Ends –
About Temenos Temenos AG (SIX: TEMN) is the world’s leader in banking software. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 500 million banking customers. Temenos offers cloud-native, cloud-agnostic and AIdriven front office, core banking, payments and fund administration software enabling banks to deliver frictionless, omnichannel customer experiences and gain operational excellence.
Temenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8% half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks’ IT investment is adding tangible value to their business. For more information, please visit www.temenos.com.
Jessica Wolfe & Grace Collins Temenos Global Public Relations Tel: +1 610 232 2793 & + 44 20 7423 3969 Email : p[email protected]
Alistair Kellie & Andrew Adie Newgate Communications on behalf of Temenos Tel: +44 20 7680 6550 Email: [email protected]
About TAS Group TAS Group is a leading technology company, providing advanced solutions for cards, payment systems, capital markets and extended enterprise. Our leading-edge software allows both banks and new players in the payments space to deliver and manage frictionless, real-time B2C, B2B, B2G transactions, integrating with and leveraging the latest technologies. From advanced fraud management solutions that exploit the power of Machine Learning, to scalable, modular payment platforms delivered over the Cloud, we empower our customers to unlock the infinite potential of the open and instant era and play an active role in the new payments ecosystem. For more information, please visit www.tasgroup.eu
Marina Jacobone – TAS Group Email: [email protected]