Last night at its Meet the MarketPlace event in Luxembourg, Temenos (SIX: TEMN) announced the launch of two new providers onto MarketPlace, its platform for facilitating the exchange of value between fintech providers and financial institutions.
The two new MarketPlace members are Callsign, the leading artificial intelligence-based authentication platform for financial institutions, and Limitless, a micro-investment and micro-savings app offered as a white-labelled solution to universal, retail and private banks across the world.
The announcement was made to coincide with the latest Meet the MarketPlace event, held this time in Luxembourg. At the event, which provided the latest news and developments about MarketPlace, Callsign and Limitless presented their solutions alongside other MarketPlace providers EdgeLab, Unblu, Metaco, EFS Technology and Blue Code. The event was attended by over 50 people drawn from more than 15 Temenos clients in Luxembourg.
Commenting on the news, Ben Robinson, Chief Strategy Officer at Temenos, said: “Our aim with the MarketPlace is to find and onboard the very best fintech firms, those that bring innovative and value-added solutions to meet our customers’ needs. Limitless is tackling the issue of how banks can build engagement with younger generations and get them to save for retirement while Callsign is allowing banks to offer the very best online security without sacrificing user experience. As with our other providers, CallSign and Limitless are integrated with the Temenos platform, meaning that as of now our customers can securely and quickly acquire these solutions.”
Sara Kolinska, CEO of Limitless, added, “Being selected for the Temenos MarketPlace is a great endorsement, as the company only allows the best fintech providers onto its store. Limitless has a simple purpose: to get young people to start investing. It does so by allowing people to contribute small amounts on every transaction, which soon builds up. And, for banks, it provides a way to engage with millennials, get data that allows for better credit scoring and cross-selling financial and non-financial products and services.”
Paul Anderson, Head of Strategic Alliances at CallSign, commented, “Banking is an industry that relies heavily on a single intangible: trust. Instead of just offering standalone security such as one time password tokens which add friction, or passwords and pin numbers that can be easily compromised, at CallSign we use three meta metrics: device, location and behaviour, providing banks with Intelligence Driven Authentication™. Correlating data from across all three metrics we can pick out truly suspicious activity without adding friction and thereby maintain a good customer experience. This is a revolutionary approach and we are very excited to bring it to Temenos customers through the MarketPlace.”