FF News | Fintech Finance’s Post

Konsentus Verify is Now Available on Temenos Exchange! ✨ 👏 Konsentus today announced that Konsentus Verify, Europe’s LEADING open banking identity and regulatory checking solution, is NOW available on Temenos Exchange! 🏦 Konsentus Verify provides Temenos open banking AND open finance customers with the ability to check in REAL-TIME the identity and authorisation permissions of ANY third party at the time an account access request is made. 🛡 In addition, Konsentus Verify ensures end-user account access is NEVER granted to unauthorised third parties, giving consumers and businesses the HIGHEST degree of protection when making open banking transactions. 👨💻 Martin Bailey, Director of Innovation and Ecosystems, Temenos, said: “Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetize new banking solutions. The integration with Temenos and joining Temenos Exchange means Konsentus can integrate once and be readily available to the thousands of banks globally that run on our platform.” Read more on the link below! 👇 https://lnkd.in/eq3yXMj8 Becci Furnell Michael Anderson Evelina Amanatidou Scott Rowe Angeliki Konstantinidou Roxana Zaldumbide Brendan Jones #temenosexchange #openbanking #openbankingtransactions

💥 We're delighted to join the Temenos Exchange programme, helping banks across Europe deal with the challenges of identifying and validating open banking third parties accessing their customers' account data. Martin Bailey, Director of Innovation and Ecosystems, Temenos: “Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetize new banking solutions. The integration with Temenos and joining Temenos Exchange means Konsentus can integrate once and be readily available to the thousands of banks globally that run on our platform.” Brendan Jones, CCO, Konsentus: “Making Konsentus Verify available on Temenos Exchange furthers our mission to accelerate the global adoption of open banking and open finance. We remove complexity for banks by providing them with extremely complex data in a standardised format. This is where we excel and we’re delighted to be able to offer these services to all the banks that run on Temenos’ platform.” Read the full release for more information 👉 https://lnkd.in/gzYj9fNn #konsentus #temenos #openbanking #openfinance #tpp

Konsentus Verify Now Available on Temenos Exchange Brendan Jones, CCO, Konsentus said: “Making Konsentus Verify available on Temenos Exchange furthers our mission to accelerate the global adoption of open banking and open finance. We remove complexity for banks by providing them with extremely complex data in a standardised format. This is where we excel and we’re delighted to be able to offer these services to all the banks that run on Temenos’ platform. https://lnkd.in/egKWSXwM Martin Bailey Becci Furnell Michael Anderson Evelina Amanatidou Scott Rowe Angeliki Konstantinidou Roxana Zaldumbide #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Some players in the banking-as-a-service middleware space — broadly, vendors that connect banks to fintechs and provide matchmaking services and technology — say tri-party agreements between a bank, nonbank and middleware provider are still direct when the bank has oversight over its BaaS client. Other vendors say it means selling software to banks that will boost their BaaS capabilities, but leaves the fintech entanglements entirely up to the bank.

The Electronic Money Institutions (EMI) market is a complex and ever-evolving landscape. Success in this competitive environment demands agile and scalable core IT systems that can continuously adapt and innovate. Several factors contribute to this challenge, including the vast range of transaction volumes and the intricate complexities of integrated processes. To truly thrive, EMI institutions need an architectural foundation that supports a "multi-everything" approach. This encompasses books, companies, entities, currencies, regulations, countries, and languages. TEMENOS Partnering with Tech Mahindra on a SaaS-based model represents a significant leap forward in addressing these challenges. Historically, this market has been underserved, allowing neo players to gain a foothold. However, with Temenos and Tech Mahindra joining forces, the EMI landscape is on the cusp of a new era brimming with possibilities. #corebanking #fintech #techmahindra #Cloudbanking #SaaS #cloud #BaaS #temenos

Modernizing core banking infrastructure is no longer a choice, it's a necessity. 💪 Real-time transaction monitoring, automation, and secure Web3 integrations are the new standard. Outdated core banking systems are holding back innovation. 🚫 It's time to embrace real-time capabilities, agile development, and seamless API integrations. Blackswan Dapp Solution empowers financial institutions with cutting-edge solutions built on modern frameworks like MERN. We bridge the gap between legacy systems and the future of finance. 🌉 #FinTech #SoftwareEngineering #DigitalTransformation #Web3 #MERN #MEAN #MEVN

Making the decision to upgrade or replace your core systems is never easy for any bank. Yet at a time when banks’ card products face competition from new, nimble fintechs and telecommunications companies – not to mention digital wallets – such upgrades are necessary as they deliver improved efficiency, lower costs and greater profitability now and for the future.

Open Banking: The Future of Finance 🚀 Open Banking is transforming the financial world by allowing third-party providers to access bank data securely through APIs. This shift is putting consumers in control, driving innovation, and creating more personalized financial services. 🔓 More Access 💡 Smarter Solutions 💰 Better Financial Management On the technical side, Open Banking relies on secure APIs, OAuth 2.0 for authentication, and data encryption to ensure safe transactions. It enables seamless integration with FinTechs, real-time payments, and faster onboarding for new financial services. The challenge? Ensuring robust security protocols, API standardization, and managing regulatory compliance in a rapidly evolving landscape. #OpenBanking #Fintech #APIs #OAuth #DataSecurity #DigitalBanking

#Banking news: Zürcher Kantonalbank Goes Live with Avaloq and Fireblocks' Digital Asset Platform 🔥 🇨🇭 Switzerland’s largest cantonal bank, Zürcher Kantonalbank (ZKB), has officially rolled out Avaloq’s cutting-edge digital asset platform, meeting the growing demand for seamless trading and custody of digital assets. 🏦 By integrating Avaloq’s solution into its core banking systems, ZKB is now able to offer clients secure access to manage both traditional and digital assets through a single, user-friendly platform. This marks a significant step in bridging the gap between decentralized and traditional finance. 💼 The platform is deployed via a cloud-based SaaS model, leveraging the powerful digital asset custody and infrastructure capabilities of Fireblocks. Together, Avaloq and Fireblocks provide the robust security and infrastructure needed to support ZKB’s next-gen digital asset services. 🗣 “This innovative offering bridges decentralized and traditional finance, providing clients with secure access to digital assets,” said Michael Rausch, Project Lead for Digital Assets at ZKB. 👩💻 As the digital asset market continues to evolve, this collaboration highlights the importance of traditional financial institutions adopting the right strategies and technologies to stay ahead. 💡 What do you think about this step forward in integrating digital assets into traditional banking? #MobileBanking #DigitalBanking #BankingInnovation

As digital technologies advance, significant efforts are underway to enhance the payments infrastructure. Work is evolving to integrate central bank money, commercial bank money, and electronic money. Anticipate more changes ahead, promising an enhanced customer experience in the payments landscape. Looking forward, biometrics and machine-to-machine payments are gaining momentum and are poised to revolutionize payment methods. Regardless of the preferred services, emerging trends signal a shift towards more flexible, secure, and user-friendly payment options, gradually replacing traditional methods. The ongoing battle against Financial Crime remains a top priority for Coforge, ensuring continued protection of the payments infrastructure in an ever-evolving landscape. #DigitalTechnologies #PaymentsInfrastructure #FinancialCrime #Coforge #FutureOfPayments