UK’s Moneycorp selects Temenos SaaS to scale global business

Core Insights - Moneycorp, a UK-based international payments and FX platform, has selected Temenos to enhance its product offerings and operational efficiency through the adoption of Temenos SaaS [1][5] - The partnership aims to enable Moneycorp to focus on business growth while providing advanced wallet and payment capabilities for an improved client experience [2][5] Company Overview - Moneycorp operates globally with a presence in Europe, North America, South America, and Asia, facilitating payments and foreign exchange transactions for various clients [3] - In 2023, Moneycorp handled £71 billion in trading volume, serving 11,000 B2B clients, 250 financial institutions, and over 23,000 individuals [3] Operational Strategy - By adopting Temenos SaaS, Moneycorp can roll out new capabilities globally, utilizing a build-once, deploy anywhere approach across different regulatory jurisdictions [4] - The use of Temenos Model Bank with pre-configured banking functionality will allow Moneycorp to achieve faster time to value while reducing costs and delivery risks [4] Technology and Innovation - Temenos' open, API-based architecture will facilitate integration with Moneycorp's ecosystem, enhancing operational agility and accelerating innovation [4] - The partnership is expected to support Moneycorp's strategic transformation, underpinning its core banking and payments ecosystem across global operations [5]