Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments.
Joint customers will benefit from a comprehensive, end-to-end service through the cloud-based clearing bank’s API-based services.
They will also have rapid access to real-time payments services, including Bacs Payment Schemes Limited (Bacs), CHAPS and Faster Payments.
The partnership also aims to support banks to comply with changing payments regulation and adapt their services to new local schemes.
Charles McManus, chief executive officer at ClearBank, said: “Temenos’ market-leading banking software serves a truly global customer base and we are excited to expand our combined offering outside of the UK payments market as our alliance strengthens over time.”
Des Noctor, UK regional director at Temenos, commented: “At this pivotal time, it is vital that banks have a fast and effortless route to market so they can quickly respond to customer appetite for real-time cloud payments.”
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