Temenos’ Post

The next decade promises to be transformative for supply chain finance, with fintechs leading the way in revolutionising banking operations in this sector. Ms. Kumkum Jain, Head - Supply Chain Finance Federal Bank, highlighted the significant impact of fintechs during our fireside chat at the Global Fintech Festival 2024. #Vayana #SCF #FutureofSCF #FiresideChat #Insights #MSMEs #FinancialInstitutions #Fintech #BankingOperations #GFF2024 #GlobalFintechFestival

Finastra's Payments To Go secured the "Best Payments Suite For Banks & FIs" title in the PayTech Awards 2024. Discover how our solution empowers FIs with agility and scalability in today's dynamic market. Learn more at: https://lnkd.in/eiJ8K66E #FinastraPayments #PaymentsToGo

Number X has just partnered with FINCI.com, a trailblazing digital bank that has redefined what digital businesses can expect from their banking partner. With its commitment to offering flexible financial solutions, bank beating FX and a customer-centric approach, FINCI has established itself as a key player in the European digital banking space. The collaboration between Number X and FINCI is not just timely but pivotal. As digital goods market continues to grow at an unprecedented rate, the challenges associated with online transactions, from security to compliance, become increasingly complex. This partnership is poised to address these challenges head-on, providing businesses with a comprehensive suite of services that ensures not only operational efficiency, legal and data compliance, but also uninterrupted payouts through FINCI's cross-border banking platform. #finci #neobank #crossborder #merchantofrecord #payouts #settlements #paymentprocessing #acquiring

We are officially less than a week away from the IPA's 2024 Innovative Payments Conference! That means I only have a few more days until I can watch Gracie Ortiz (DataSeers) lead a panel of her colleagues, Brad Rustin and BJ Moravek in a critical discussion on regulator oversight and CIP - which should be top of mind for everyone in the payments community. Now more than ever fintechs and banks need to work together to ensure proper compliance. The time to learn is always now. To register and watch this greatly anticipated session, just go to www.ipa.org. #IPA #DataSeers #GracieOrtiz #innovation #compliance #fintech #payments #banking

/// Are Fintechs Giving Big Banks A Run For Their Money? 💲 ACI Worldwide found that larger banks will need to forge new partnerships with Emerging Fintechs to remain competitive in the rapidly growing real-time payments market across the world. Read their full thoughts linked below ⬇️⬇️ #Fintech #RealTimePayments #eSAAS

Several global incumbent banks have already entered the #BaaS and nextgen #corebanking sectors through equity stakes. For example, Solaris (which has its own core banking system alongside BaaS modules) is backed by BBVA, SBI, and ABN. But UniCredit’s acquisition of Vodeno is one of the few cases where a world’s top 50 #megabank takes over an entire BaaS provider with a #bankinglicense #digitalbanking #corebanking #bankingsolutions #payments #fintechsolutions #digitaltransformation #fintech #baas #neobanks #challengerbanks #embeddedfintech #creditunions #communitybanks #embeddedfinance #nichebanking #bankasaservice #creditunions #communitybanks #startup #banktech

Banking as a Service (BaaS) in 2024 faces its share of challenges amidst vast potential. Market saturation, customer churn, and slowed growth, particularly among startups catering to early-stage fintechs, underscore the current hurdles. Moreover, heightened regulatory scrutiny across key markets - with actions from the FDIC, OCC, FCA, and BaFin highlighting governance and compliance pressures - is reshaping the terrain. Instances like Modulr's customer onboarding prohibition and Cross River Bank's regulatory approval requirements for new endeavors signal a tightening grip on the sector. In response, BaaS platforms and their fintech partners are poised to bolster risk and compliance frameworks, potentially leading to stricter partnership criteria and a reevaluation of high-risk associations. This adjustment may temper the pace of fintech innovation, especially in financial accounts and card offerings by non-banks, in the near to mid-term. Yet, in adversity lies opportunity. Consolidation is on the rise, with significant transactions such as FIS' acquisition of Bond and Fifth Third Bank's purchase of Rize Money, Inc. marking a trend towards a more integrated and resilient BaaS ecosystem. As we look forward, the sector is ripe for strategic realignments, with financial institutions, banking software vendors, and large fintechs emerging as potential consolidators. The journey ahead is one of adaptation and strategic foresight. #baas #fintech #regulatorychallenges #consolidation #innovation #riskmanagement #compliance #financialservices