Banking software company Temenos introduces a unified platform that uses AI to streamline payments, cut costs and enhance real-time screening for financial institutions.
The new Money Movement & Management system unites payments, accounts, risk and treasury modules in one place to move money faster and more reliably.
The platform helps new entrants launch services quickly while allowing established players to replace fragmented systems.
Its AI tools include automated payment repair, fraud detection and copilot features to minimise manual intervention and improve straight-through processing.
Temenos’ FCM AI Agent is built in to boost real-time screening and cut false positives.
Integration accelerators enable rapid onboarding of digital wallets and alternative payment networks such as Wise, Thunes, Mastercard Move, Visa Direct and Standard Chartered Scale.
Temenos noted that FINCI, an electronic money institution regulated by the Bank of Lithuania, went live on the platform within four months.
Industry analysts said the platform addresses long-standing challenges in payments where outdated systems slow innovation and customer service.
FINCI’s chief executive added that the system supports the company’s growth by processing thousands of payment requests a second, onboarding new payment providers in weeks and ensuring a fast, flexible and reliable service.
Barb Morgan, Chief Product and Technology Officer at Temenos, said,
“With the rapid rise of instant payments and the growing influence of AI in financial services, institutions are actively seeking solutions that are both unified and intelligent to manage increasing complexity, compliance demands, and customer expectations.
Temenos Money Movement & Management directly addresses this market need, bringing together payments and account services in a single, AI-powered solution. Building on the success of Temenos Payments Hub, our leading and functionally rich payment hub used by banks worldwide, this new solution further strengthens our position as a trusted innovator in the payments space.”
Temenos said the platform is ISO 20022 and Open Banking ready, available globally as SaaS or for deployment on cloud, on-premises or hybrid environments.
Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik
